FIX protocol

The Financial Information Exchange Protocol, or more commonly FIX, is a series of rules for the financial community, for electronic messaging of trade-related messages.

Having grown up through collaboration between various institutions, it provides a standard for secure and flexible transmission of financial information. It was officially designed for Equity products only, but Futures came to be catered for in versions 4.4 and 5.0, although most institutions still use 4.2.

Nyfix covers both equities and Futures, having bought Trinitech, one of the first Direct-to-Market trading platforms first introduced circa 1997. Perhaps not as complex as a large trading platform or system offering STP, nonetheless it is used throughout the investment banking sector as a response to the need for communication, and FIX connectivity consultants are always highly sought after.


Click here to find out more about FIX protocol

Click here to find out more about Nyfix