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  • Financial Information Exchange (Fix) Protocol

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    mariogiuffrida
    26 просмотров1 страница
    FIX is an electronic communications protocol used for pre-trade communications and trade execution in financial markets. It uses a standardized message format of tagged fields to transmit information like orders, trades, and account details. Messages have a header, body, and trailer. The header identifies the message type and length. The body contains order and trade details. The trailer ends the message and contains a checksum for validation. FIX supports both administrative and application level messages for functions like session management and transmitting trade data. It has been enhanced to enable algorithmic trading through a standard definition language.

    Исходное описание:

    Fix

    Оригинальное название

    Fix Protocol

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    FIX is an electronic communications protocol used for pre-trade communications and trade execution in financial markets. It uses a standardized message format of tagged fields to transmit information like orders, trades, and account details. Messages have a header, body, and trailer. The header identifies the message type and length. The body contains order and trade details. The trailer ends the message and contains a checksum for validation. FIX supports both administrative and application level messages for functions like session management and transmitting trade data. It has been enhanced to enable algorithmic trading through a standard definition language.

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    © All Rights Reserved
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    26 просмотров1 страница

    Financial Information Exchange (Fix) Protocol

    Загружено:

    mariogiuffrida
    FIX is an electronic communications protocol used for pre-trade communications and trade execution in financial markets. It uses a standardized message format of tagged fields to transmit information like orders, trades, and account details. Messages have a header, body, and trailer. The header identifies the message type and length. The body contains order and trade details. The trailer ends the message and contains a checksum for validation. FIX supports both administrative and application level messages for functions like session management and transmitting trade data. It has been enhanced to enable algorithmic trading through a standard definition language.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 1

    Financial Information eXchange (FIX) protocol

    Electronic communications protocol layered on top of TCP

    Standard for pre-trade communications and trade execution for equity tx in the front office
    area.

    FIX message = multiple fields with format tag = value delimited by a SOH char (start of header
    0x01 = |). Tag is an integer that indicates the meaning of the field and value is an array of bytes that
    hold a specific meaning for the particular tag. Some range of tags are custom use.
    <header>|<body>|<trailer>
    Header: <8(BeginString),9(BodyLength),35(MsgType)>|<body>|<trailer>
    example: 8=FIX.4.2|9=178|35=8|<body>|<trailer>
    Body: Order / Trade Details Info. Tag 35 in the header specifies MsgType.
    example:
    <header>|49=PHLX|56=PERS|52=20071123-05:30:00.000|11=ATOMNOCCC9990900|20=3|150=
    E|39=E|55=MSFT|167=CS|54=1|38=15|40=2|44=15|58=PHLXEQUITYTESTING|59=0|47=C|32=0
    |31=0|151=15|14=0|6=0|<trailer>
    Trailer: three-digit number (e.g. 10=002), Security Check through Signature and CheckSum
    (adding the decimal value of the ASCII representation all the bytes up to the checksum field (which
    is last) and return the value modulo 256).
    Groups of messages

    Admin Messages: handle the basics of a FIX session. They allow for a session to be started
    and terminated and for recovery of missed messages.

    Application Messages: Deal with the sending and receiving of trade-related information
    such as an order request or information on the current state and subsequent execution of that
    order.

    FIX now supports algorithmic trading by use of FIX Algorithmic Trading Definition Language
    FIXatdl.

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