PhiFIX Engine

PhiFIX – Ultra-Low Latency FIX Messaging Engine

PhiFIX is a high-performing FIX engine created explicitly for real-time secure seamless financial message transmission. PhiFIX supports versions of the FIX protocol from 4.0 to 5.0 SP2. This allows firms the ability to trade high frequency, equally as manage complex FIX-based workflows which may contain order routing, trade management, syndication, market data, drop copy, delinquent trades, etc.

How It Works

PhiFIX functions as a multi-session FIX engine, supporting multiple FIX sessions for each FIX user. Fix users have the ability to easily manage their FIX sessions, either as a initiator or acceptor. PhiFIX is built with mandatory TLS cryptography meaning all communication with your trading counter-parties is secure, and encrypted.

PhiFIX supports all session management from full handling of components-to-compete, FIX message validation, logging, to error re-try handling and error resolution. The system’s logging capabilities log all events via explicit warning or exception, providing an easy means of tracing events back in the logs.

PhiFIX’s focus is FIX protocol, although the engine can also support multiple other protocols including FAST, ITCH/OUCH, etc. that can be easily adapted to the underlying FIX protocol specifications. The engine was designed to be modular and deployable on multi-platform including Linux, Windows etc. The PhiFIX engine structure is flexible enough to allow other external tools and applications be integrated in as needed.

Key Benefits:

  • Multi-session handling:supports multiple FIX initiators and acceptors at the same time.
  • Reliable session recoveryautomatically resumes connectivity and continues session on sequence gap.
  • Secure communicationsTLS/SSL encryption ensures data is sent reliably.
  • Platform-independentworks in any OMS/EMS and trading environment.
  • Customizable componentsmessage validation, transformation and workflow logic can all be customized.
  • Drop copy & market data supportdelivers real-time transparency and monitoring.
  • Protocol flexibilityTLS/SSL encryption ensures data is sent reliably.
  • Instantaneous validation of messagesinvalid messages instantly rejected through FIX-compliant dictionary parsing.
  • Multi-asset trade and execution managementsupports equity, derivatives, FX, and fixed income trade workflows.
  • Fully detailed loggingevery session detail is logged to allow quicker debugging and event tracing.

Why PhiFIX for FIX Engine?

Ultra-Low Latency Performance

PhiFIX was designed specifically for high frequency trading so not only is the message flow extremely fast but also requires minimal latency in the messaging channel in order for users to continue to execute timely.

Secure, Encrypted Communications

PhiFIX comes with built-in TLS/SSL encryption, which means that all FIX sessions (initiators and acceptors) are protected from unauthorized access and data breaches.

Multi-Session, Multi-Asset

If you can initiate or accept a FIX relationship, PhiFIX can facilitate multiple (as in 100s if you choose) FIX initiator and acceptor concurrent sessions at the same time across equities, derivatives, FX, and more.

Customizable, Easy Integration

PhiFIX supports both standard and custom FIX dialects, using open APIs to integrate seamlessly with OMS, EMS, and third-party systems.

Key Features

  • Multi-Endpoint Connectivity testing from initiator sessions
  • TLS/SSL encrypted secured transmission
  • FIX repository for message format reference
  • Session recovery from disruptions or drops
  • Support for all FIX versions (4.0 - 5.0 SP2)
  • Multi-asset support for trading workflows
  • Message transformation & enrichment
  • On premise deployment model
  • High availability FIX engine for critical uptime
  • Customized FIX dialects to meet vendor/client specs
  • Drop copy facility for trade transparency
  • Customer support 24/5 for global operations

Power your trading infrastructure with a high-performance FIX engine

FAQs

What is PhiFIX Engine, and why would I need it?

PhiFIX engine is the backbone of your trading connectivity. It lets your OMS, EMS, brokers, and exchanges “communicate” FIX reliably and at speed.

Can it handle all asset classes?

Absolutely. Whether you’re trading equities, FX, derivatives, or fixed income, PhiFIX Engine is built to support it.

Is it fast enough for today’s markets?

Yes. It’s optimized for microsecond-level latency, so your orders move as fast as the market does.

Will it integrate with my existing OMS/EMS?

Definitely. With its modular APIs, you won’t have to rip and replace. It just plugs in.

Do you provide support once it’s live?

Of course. Our support team is on standby 24/7, because we know markets don’t sleep.