FIX Order Routing

FIX Order Routing

The streamlined, full-service way to tap into more global markets

FIX Order Routing is a fully-managed service that empowers buy-side traders with a seamless connection to a global network of counterparties. NYSE Technologies untangles the web of multiple protocols and trading workflows by conforming them to a firm’s specific order management system and version of FIX. We do the FIX message translation with your counterparties so you don’t have to.

Downloads

application/pdf iconFIX Order Routing Fact Sheet
application/pdf iconOrder Routing Direct Fact Sheet

Buy-side firms can take advantage of the service in two different ways: Order Routing Direct, where your firm connects directly to your counterparty; or Order Routing Hub, which provides instant access to the over 600 sell-side firms, exchanges, ECN’s and ATS’s worldwide that comprise our marketplace community. These two models can be used separately or in tandem – enabling buy-side firms to start trading the way they want to immediately.

And our clients gain the added advantage of membership in one of the largest global FIX communities, with superior data centers in more parts of the world. That means buy-side traders and everyone on their IT team can rest assured the trade data is secure and support is there when needed. Your business is built on connections. NYSE Technologies can help you make them.

Key Features:

  • FIX Compliance Certification and Testing — NYSE Technologies provides centralized certification of connected parties in compliance with FIX. All counterparties are certified in a consistent, reliable format.
  • FIX Version Translation — We handle all FIX version translations, including translation to/from non-FIX messaging standards. This eliminates the need to support multiple systems for each counterparty and minimizes system changes as a result of on-going advances in technology.
  • Session Level Set-Up and End-of-Day Maintenance — The buy-side is only required to connect with one FIX session, meaning one IP and port configuration. Further, FIX end-of-day processes occur only once, which reduces processing overhead and the likelihood of errors.
  • FIX Customization — FIX Order Routing gives you full support for customized FIX messaging, including support for all algorithms.