FIX Trading Community project: toward a standard machine-readable rules of engagement

June 23, 2016
Share:

What we’ll cover:

Much of the technical standards work within the FIX Trading Community over the past several years could be classified as long tail stuff. If you will recall the long tail is providing some benefit or service to a niche or small group of users. With the main use of FIX being FIX.4.2 and FIX.4.4 based pre-trade through post-trade processing for equities, futures, options, FIX, with a smattering of fixed income thrown in for good measure, I struggle with the amount of effort we go through within the FIX community to provide features for smaller and smaller groups of users.

At the same time we have an effort going on around high performance standards that have strong technical merit, but has yet to catch that spark in the community that will lead to wide spread adoption, with the exception of the Simple Binary Encoding (SBE) championed by the CME.

In this paper Jim Northey discuss questions such as; how do we improve the standard to bring the most value to the widest number of users? Do we try and push a high performance protocol into the mainstream? Do we try and move the community to FIX.5.0SP2? Should we be doing something else?

Download

Related Content

The Itiviti perspective on current trends in QA

The Itiviti perspective on current trends in QA

FIX Infrastructure The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The implementation of the Markets in Financial Instruments Directive (MiFID) II in Europe, for instance, is spurring a tectonic technology transition. With these rapid changes in the industry and the rising cost of errors in production systems, the quality […] July 5, 2018

The evolution of enterprise testing

The evolution of enterprise testing

FIX Infrastructure Testing in the financial industry is changing, both as a consequence of new regulatory requirements and in response to changing perceptions of the value it generates. In this video, Pawan Sharma – VP Global Services at Itiviti – delves into the factors that have driven the evolution of testing practices and the key challenges that […] June 19, 2018

The new Itiviti

The new Itiviti

Execution Following the merger between Itiviti and ULLINK in March 2018, Richard Bentley – Chief Product Officer of the combined company – talks to The TRADE about the new company at IDX London 2018. On the agenda: the rationale behind the merger, the company’s individual and combined strengths, product strategy going forward, key priorities for the […] June 11, 2018

Moving towards enterprise level testing

Moving towards enterprise level testing

FIX Infrastructure Over the years, testing has increasingly become a strategic activity that is seen less as a cost and more as an opportunity to maximize efficiency and support business activity. As trading systems have become more and more complex, the demands on testing tools have simultaneously grown, paving the way for their evolution into increasingly refined […] June 7, 2018

Itiviti Talks

Get our view on global capital markets

Subscribe

Subscription successful

Thank you for subscribing!

Close window

Itiviti Talks

Get our view on global capital markets

Weekly email

    Trends in global capital markets from a technology perspective.

By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.