Fix
The protocol FIX ( Financial Information eXchange , in English) is a standard of message developed with an aim of facilitating the information exchanges relating to the stock exchange transactions. It is conceived to be used between business partners wishing to automate their communications.
This standard was developed with the collaboration of banks, brokers, purses, institutional investors, industrialists and associations coming from the whole world. These actors of the market share a common vision of what they wait to implement the exchanges of actions, derivative products or other instruments financial. They coordinate each other and organize their work by the means of committees, sub-committees and work groups, all supervised by a total coordination committee which endeavors to maintain the uniformity of the protocol whereas it extends to new markets. There thus always remains in total adequacy with the needs for the financial actors and remains independent of any firm. The FIX largely was thus adopted besides by the financial community. This success is also due to the fact that this protocol is completely open and free.
FIX was defined with an aim of being independent of any specific communication protocol (X.25, asynch, TCP/IP, etc) or physical medium (cable, fiberoptic, satellite, etc) selected to convey information.
The protocol is defined in two levels: session and applicatif. The level session has the role of ensuring the good reception of the data when the applicatif level defines the contents relating to the commercial exchanges.
See too
External bonds
- Official site
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