Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If an Indian hedge fund or financial institution use FIX based software, would not the exchange provide some software — in which case your products should be more about added feature — correct?

April 26, 2017based Case exchange financial institution Fix fund hedge indian Software

0

Posted

If an Indian hedge fund or financial institution use FIX based software, would not the exchange provide some software — in which case your products should be more about added feature — correct?

1 Answer

0

Posted

As mentioned earlier, FIX based implementations do not provide any software. FIX is a TCP/IP based messaging protocol, which includes a session protocol and an application protocol. Session protocol contains information on session initiation and maintenance, message sequence number management making sure that messages are not lost. Application protocol layer specifies message layout for different trading messages like Orders, Cancels, Execution Reports etc. Please take a look at www.fixprotocol.