Saturday, September 07, 2013

What is FIX?

FIXimate , allows you to get FIX Tags. In Wikipedia, you can read.

"The Financial Information eXchange (FIX) protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets. With trillions of dollars traded annually on the NASDAQ alone, financial service entities are investing heavily in optimizing electronic trading and employing direct market access(DMA) to increase their speed to financial markets. Managing the delivery of trading applications and keeping latency low increasingly requires an understanding of the FIX protocol."

Trade has gone from Hogs to Derivatives, The electronic platforms that have made this possible, improve the efficiency of financial transactions, providing liquidity to the modern industrial economy. Open markets, need open protocols, and depend on Open Societies. Karl Popper emphasized this.

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