FIX is an open real-time messaging standards for trade related communications held electronically between Sell-side, Buy-side, Vendors, Exchanges, ECNs, Regulators and between one or more applications. FIX helps traders to communicate without compromising with the security and wholeness of data. Following are the key product types used by the FIX users globally:
- Collective Investment Vehicle (CIV)
- Derivatives (Futures and options of Index, Equities, Forex, Commodities,etc.)
- Equities
- Fixed Income
- Commodities
- Foreign Exchange
Major users of FIX are Buy and Sell side brokers, Exchanges, Regulators and ECN (Electronic Communication Network). All the large and small companies sell and buy electronically just by clicking on the computer screen and get realtime information electronically. It helps to minimise the business risk and manual intervention, increases the speed and efficiency of trade entry and reporting processes.
Why to choose FIX (Financial Information Exchange) in your trading applications?
- To improve global securities trading process with real-time electronic communications between trading participants.
- To simplify the implementation of interfaces between communicating applications and broker firms for their front to back flow of a trade life cycle.
- To increase the efficiency on the dealer side by automating the price and execution, and saving costs significantly.
- Nearly every major broker speaks of FIX, providing huge advantage in establishing electronic connectivity in little time-frame.
- Highly flexible and scalable for enhancements and features.