FIX Protocol : Pros and Cons
Reading Time: 2 minutes FIX stands Financial Information Exchange. The protocol is a highly scalable electronic communication protocol to facilitate real time exchange of information related to financial market. It has become the standard method of pre-trade, trade and post-trade communication. Market participants including banks, hedge funds, prime brokers etc, utilise FIX for their own trading means all to connect directly to clients. It is a full-fledged liquidity provider.