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FIX Protocol Services

Enhance Trade Efficiency with Seamless FIX Protocol Solutions

With extensive knowledge of FIX protocol deployment, PhiFIX offers seamless automated trading across multiple asset classes—equities, derivatives and beyond. We provide services to both buy-side and sell-side institutions, trading venues, and regulatory organizations, providing them with end-to-end FIX value creation and continuous improvement.
 
Our FIX solutions are focused on enhancing the overall platform performance by facilitating improved communication across trading systems. This enables improved scalability, reduced trading costs, faster execution times, and greater operational efficiency while reducing latency.

What is FIX Protocol?

The FIX Protocol is the standard for real-time electronic trading communication, enabling seamless interaction across firms, exchanges, and regulators with standardized messaging throughout the trade lifecycle.



How FIX Protocol Works?

FIX has a message-based architecture managed by a FIX engine which manages the secure, sequenced exchange of data. PhiFIX allows firms to quickly implement FIX for order management, trade execution, market data streaming and client onboarding/reboarding, along with the support of FAST and ITCH/OUCH protocols.

FIX Protocol Benefits

• Standardized messaging across platforms

• Low-latency, high-frequency trading support

• Secure, encrypted transport with session control
• Interoperable across systems, regions, and assets

• Auditable message flows for transparency and compliance

WHAT WE DO

Services We Provide

01

FIX Testing

  • Automated regression and performance testing
  • Supports multiple test cases and scenarios
  • In-depth validation functionalities
  • Report generation and archiving
  • Cross-platform testing capabilities
  • Addresses API-specific business queries

02

FIX Surveillance

  • Real-time FIX message monitoring and analysis
  • Comprehensive transaction statistics and reporting
  • Customizable alerts for critical events
  • Latency monitoring and analysis
  • Performance analysis of FIX connections
  • Enhanced risk management and operational efficiency

03

FIX Certification

  • Streamlined FIX certification services
  • Replicates counterparty FIX implementations
  • Session and application-level message testing
  • Interactive testing with immediate diagnosis
  • Comprehensive audit trail of testing activity
  • Reduces deployment time and costs

04

PhiFIX FAST based Protocol

  • High-performance FIX connectivity
  • Low-latency trading solutions
  • Optimized data representation
  • Seamless integration with FAST networks
  • Supports key FIX scenarios (Security Definition, Market Data, etc.)
  • Onboarding and certification services

05

PhiFIX ITCH & OUCH Protocol

  • Seamless ITCH & OUCH protocol integration
  • Real-time log monitoring and alerting
  • High-throughput and low-latency transactions
  • Supports ITCH (Market Data) and OUCH (Order & Trade Data)
  • Client-side connectivity and automation
  • Server simulation and testing

Who we serve

Member Firms, Investors, Hedge Funds, Brokers, Custodians, Agents, Banks, and Regulators

Our solutions and services support the following markets

  • Equity
  • Future and Options
  • Fixed Income (bonds, debt, repos, IRS, NDF)
  • Foreign Exchange (Forex)
  • ETF
  • Commodities

FAQs

What do FIX protocol services mean?

Think of it as ongoing care, building, upgrading, and maintaining FIX connections for you.

Do you handle version upgrades?

Yes, from legacy 4.x to FIX 5.0 or FIXT migrations.

Can you customize for my workflow?

Definitely, we adapt flows to match your trading strategy.

Why is ongoing support important?

Because venues update specs often, you don’t want downtime.

Do you provide around-the-clock help?

Yes. 24/7 support for mission-critical systems.