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?
FIX Infrastructure For the third year running, NYFIX was named “Best low latency network” in the Waters Buy-Side Technology Awards 2018. In this video, Itiviti’s Chief Product Officer, Richard Bentley, talks about the past and future of the NYFIX network for buy-side clients. November 20, 2018
FIX Infrastructure Since the introduction of FIX in the mid-1990s, it has revolutionized the world of trade execution – so much so that 99.5% of the trades performed globally today are being made via FIX. But when it comes to post-trade, the industry has yet to leverage the many benefits that FIX can bring, particularly in terms […] November 8, 2018
FIX Infrastructure It goes without saying that it’s imperative for trading technologists to thoroughly test their systems before the put them in a production environment. Clearly, building a market-beating trading platform requires a high level of uptime and a propensity for failure that’s as close to zero as possible. And for years technologists have used a range […] November 5, 2018
FIX Infrastructure Getting it right. In earlier blog posts, we’ve discussed the challenges of implementing efficient trading infrastructure testing systems, and the intricate complexities of their adoption. But once all this hard work is completed, what are the potential rewards to be reaped? The operational benefits from instituting an enterprise-wide approach to trading system testing go far […] October 23, 2018
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