History of fix protocol

in fixprotocol •  7 years ago 

When all the exchanges were going electronic in the 80s, There was a lack of effecive means to comunicate the various electronic transaction. And there were issues with security too.

To fix all this problems the Financial Information Exchange (FIX) protocol was introduced. The Fix enable two parties to interact with each other elctronically. It also offers flexibility, it can be structured according to business requirement.
It supports Email, Testeing, trade allocation executioon report, order exchange, etc.

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Thank you.

Now I know which bot I'll never rely on (@promobot). Your bid was placed early enough to get a higher author reward. I'm witness... :-)