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Introduction To  The Financial Information eXchange  (FIX) Protocol presented by Brian Driscoll at BarCampNYC3
What is the FIX Protocol? ,[object Object]
Who uses FIX? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is it used for? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Products & regions supported ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How is the standard governed? ,[object Object],[object Object],[object Object],[object Object],[object Object]
A brief history of FIX ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Session & application layers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Transport independent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FIX messages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Message types ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Message fields ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
User defined fields & msgs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Two message syntaxes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A simple example scenario A money manager sends an order to a broker, and receives an execution/fill back. TCP socket Over a WAN FIX Session Layer Transport via TCP used with tag=value message syntax where the buy side initiates connection and the sell side accepts. buy side trading system FIX engine sell side trading system FIX engine
Typical simplified msg flow ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Buy 5000 IBM @ 110.75 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],8=FIX.4.2^9=251^35=D^49=AFUNDMGR^56=ABROKER^34=2^ 52=20030615-01:14:49^11=12345^21=1^ 55=IBM^54=1^ 60=2003061501:14:49^38=5000^40=2^44=110.75^10=127
Same message in FIXML ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],<OrderQtyData> <OrderQty>5000 </OrderQty> </OrderQtyData> <OrdType Value=&quot;2&quot;/> <Price>110..75</Price> </Order> </ApplicationMessage> </FIXMLMessage> </FIXML>
Integrating applications w/ FIX ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Open source FIX Engines ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FIX engine vendors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FIX Info on the Web ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Intro To The FIX Protocol presented at BarCampNYC3

  • 1. Introduction To The Financial Information eXchange (FIX) Protocol presented by Brian Driscoll at BarCampNYC3
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  • 15. A simple example scenario A money manager sends an order to a broker, and receives an execution/fill back. TCP socket Over a WAN FIX Session Layer Transport via TCP used with tag=value message syntax where the buy side initiates connection and the sell side accepts. buy side trading system FIX engine sell side trading system FIX engine
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