This eBook gives you a comprehensive overview of the FIX Engine’s capability, implementations, benchmarking & security of the product. Also this eBook covers the topics about FIX Engine’s increased connectivity, operational efficiency, low latency, & the differentiation factor in FIX Engines.
American Hedge Fund company wanted to integrate with Sell side brokers to route the orders to multiple destinations using FIX gateway.
Top tier Middle East based bank wanted to develop an order management system (OMS) to establish their investment banking business in Middle East.
Sensiple offered PhiFIX, a FIX-based Testing Suite for a leading commodity Exchange in South America to perform multiple test-case scenarios for their trading infrastructure.
Sensiple offered FIX-based Testing Suite for a leading commodity Exchange in Asia-Pacific to achieve high frequency Trading.
In today’s critical and regulation-based trading scenarios, the implementation of FIX Protocol testing tools is required to meet regulatory requirements and create an optimum risk averting environment at the lowest operational cost.
The current trending initiative from FIX Trading Community is the new process to automate initial public offerings as the UK regulator reviews technological innovation in primary market services.
The digitizing of IPO Processes like submitting applications and receiving allocations are currently in manual process, which increases risk. These manual applications are huge in trade size so there is a vast chances of risk if they are miscommunicated.
FIX Protocol is a series of messaging specification to streamline electronic communications in the financial securities industry. It implements the automated trading of multi-assets, including securities, derivative, and other financial instruments.
FIX engine is a FIX protocol-based messaging tool designed for high-frequency trading infrastructure. The tool facilitates online trading and is available in Java & .NET. FIX engine is an implementation of FIX protocol and a piece of software required to establish FIX connectivity. FIX messages which carry trading orders electronically in the form of tag and value are composed, parsed, and understood by the FIX engine.
One of a leading multi-commodity exchange in India, provides a platform for market participants to trade in commodity derivatives. The exchange started feeling the heat due to the complexity of testing multiple trading environment for each trade and it was in need to transform this challenge into an opportunity.
Business Challenges