The FIX Protocol (Financial Information Exchange Protocol) is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to securities transactions and markets.
The protocol has undergone several revisions since its inception, with the most recent version being FIX Protocol Version 5.0. The protocol is maintained by FIX Protocol Limited (FPL), a non-profit organisation.
The FIX Protocol is used by a wide variety of organisations, including investment banks, broker-dealers, trading platforms, institutional investors, hedge funds, and other financial institutions.
Who owns FIX protocol?
FIX protocol is a set of rules and standards for electronic communication of financial information, developed and maintained by FIX Protocol Ltd. (FPL). FPL is a non-profit, industry-driven standards body, whose membership comprises a broad spectrum of the financial industry. FPL is responsible for the governance and promotion of the FIX Protocol, and works with the FIX Trading Community to drive adoption and ensure the Protocol meets the evolving needs of the global trading community. Is TCP A FIX protocol? No, TCP is not a FIX protocol. FIX is a financial industry protocol for electronic trading that uses TCP as its transport layer. Who created FIX protocol? The FIX protocol was created in 1992 by Fidelity Investments, and was designed to streamline communication between financial institutions. Is FIX protocol an API? The FIX protocol is not an API. It is a set of standards for electronic communication of financial transaction information. Is FIX protocol secure? FIX protocol is a secure protocol. It uses a variety of security mechanisms to protect the confidentiality and integrity of the data being exchanged. These mechanisms include encryption, message authentication, and digital signatures.