The document discusses the establishment of the FIX trading protocol in the late 19th century to enable standard electronic communication in trading. It highlights the benefits of using FIX, including improved connectivity, reduced costs, and enhanced efficiency in financial transactions. Furthermore, it mentions Sensiple's PHIFIX, a multi-protocol messaging infrastructure designed to tackle connectivity challenges in the capital markets.

1. During the late 19th century, the trading firms realized the need for machine-readable message protocol,
so that a trade wouldn’t be dropped or cannot be made complex. Once the world realized the need for
standard electronic communication protocol, FIX Trading Protocol was established and a community called
‘Fix Trading Community was formed.
What is FIX Protocol?
Who could
Participate?
What could be the challenges?
The benefits of using FIX Protocol!
Series of messaging
specification to streamline
electronic communications
Used by financial securities
industry to perform Trade,
Post-trade and pre-trade
operations.
A non-proprietary, free and
open standard platform
Buy-side
Sell-side
Stock
Exchanges
Custodians
Regulatory
bodies
Trading
Platforms
Alternative
Trading
Systems (ATS)
Multilateral
Trading
Facility (MTF)
Investment
Banks
Achieving high speed
for the connections
Maintaining Multiple
Connections
Response should
have low latency
Supporting multiple
FIX Message Formats
Secured & complex
connectivity issues
Minimized
TRADING COST
Enhanced
PERFORMANCES
& EFFICIENCY
Increased
TRANSPARENCY
Minimized
REDUNDANT &
UNNECESSARY MESSAGES
Sensiple’s Solution to address these issues
Sensiple launched PhiFIX, a suite of Multi-protocol (FIX, EMAPI, FAST, ITCH & OUCH) based
messaging infrastructure to address the above said challenges in Capital Market Industry. The
advantages of PhiFIX are,
A Comprehensive robust, scalable FIX Connectivity solution.
Supports Multiple Asset Classes, FIX Message Formats and various order routing systems.
Reduced cost and the complexity of a connection.
Low latency connections with high transparency in multiple connectivity.
High speed transactions with secured connections
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A Beginners Guide to FIX Protocol