What is FIX (Financial Information eXchange) Protocol?

The Financial Information eXchange (FIX) Protocol is a messaging standard developed specifically for the real-time electronic exchange of securities transactions.

FIX has rapidly emerged as the de facto electronic trading standard worldwide, providing enhanced user benefits for greatly improving the global trading process through defining, managing, and promoting of an open protocol for real-time, electronic communication between financial participants, while complementing industry standards.

Orc Software is a Premier Member of the FIX Protocol Organization.

What is Financial Information eXchange (FIX) Protocol?

Who owns FIX Protocol?

FIX is a public domain specification owned and maintained by the FIX Protocol organization (www.fixprotocol.org).

Orc is an active member of the FIX Protocol Organization’s working groups including the Market Data Optimization Group.

Proven Orc CameronFIX Technology

  • High performance technology - outperforms competitors in head-to-head challenges 
  • Flexible - open architecture allows for easy customization 
  • Reliable - deployed at major production sites worldwide since 1997
  • Scalable - scales easily to meet your expanding business requirements
  • Supports all FIX versions

How flexible is FIX Protocol?

The FIX Protocol was designed to be as flexible as possible, while still offering a basic level of uniformity and consistency. In order to accommodate custom requirements, FIX has been designed to be fully customisable, as the precise order, and definition of many of the FIX fields is left up to the two transacting parties. However, the FPL has gone to great lengths to both root out ambiguities in the protocol as well as provide direction in areas of the protocol that are left open to interpretation.

What Financial Products does FIX Support?

While FIX was originally developed with a focus on listed Equity products, in recent years the FPL has expanded its utility to cover many other financial instruments including Futures, Options, Foreign Exchange, ETFs and Convertible Bonds.

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