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What is the difference between FIX and OFX?

April 26, 2017difference Fix OFX

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What is the difference between FIX and OFX?

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Both FIX and OFX were designed to communicate financial information. The resemblance between the two protocols doesn’t go much further than that at present. OFX is very retail-focused, while FIX targets institutional business. At a more technical level, OFX is a query-response protocol much like HTTP, while FIX is a connected, session-based protocol.