The document provides an overview of the FIX (Financial Information eXchange) protocol, including:
1) FIX is a messaging standard used for real-time electronic exchange of securities transaction data between institutional investors, broker-dealers, exchanges, and other financial services organizations.
2) It is used to distribute market data, send orders, receive trade confirmations, and more.
3) The protocol is governed by FIX Protocol, Ltd and supports various financial instruments and regions worldwide.
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FIX Protocol Explained for Financial Markets
1. Introduction To The Financial Information eXchange (FIX) Protocol presented by Brian Driscoll at BarCampNYC3
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15. A simple example scenario A money manager sends an order to a broker, and receives an execution/fill back. TCP socket Over a WAN FIX Session Layer Transport via TCP used with tag=value message syntax where the buy side initiates connection and the sell side accepts. buy side trading system FIX engine sell side trading system FIX engine
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