[This message was posted by Clive Browning of Rapid Addition Ltd 
<[email protected]> to the "FAST Protocol" discussion forum at 
http://fixprotocol.org/discuss/46. You can reply to it on-line at 
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As Rolf points out the C# reference implementation is based on FAST 1.0 not 
FAST 1.1

I don't think a reference implementation for FAST 1.1 has been made available 
to-date although there has been discussion about the benefits of doing so.

Regards,

Clive

> William,
> 
> thank you for taking the time respond. Your points are well-taken.
> Please find my comments below.
> 
> There are a number of knowledgeable and helpful forum members. Let us
> know if we can be of assistance. Please post your questions and we'll
> chip in and respond the best we can.
> 
> Good luck with your implementation.
> 
> Best regards, Rolf
> 
> > 20%... I am saying by not using bit 8 in the stream you have lost 1/8
> > of the data possibly.. Sorry that is 12.5%
> 
> None the less, there is an overhead to enable varying length fields. The
> stop bit can be viewed as a length field that is amortized over multiple
> bytes. '1'b means 1 byte, '01'b means 2 bytes, etc. In FIX fields are
> separated by a byte. We made a decision when designing FAST not to use a
> full byte for separation of fields.
> 
> > The Fast Fix documentation and sample code. For example just to
> > understand what the message structure is I have on page 44 a few words
> > about "Transfer Encoding" with no diagrams etc.
> 
> Agreed. We have discussed complementing the specification with tutorial
> documents that describe how to implement and use FAST. As almost all of
> the standardization work so far has been on a volunteer basis, we have
> yet to get the tutorials written.
> 
> > The translation of FIX into Fast is something else again.
> 
> We have not released a FIX over FAST document yet. It is actually being
> written just now by a few volunteers and the FAST 1.2 proposal is partly
> a consequence of the need for further specification to support the FIX
> FAST encoding.
> 
> > The documents are really really hard to get to grips with. Also the
> > sample code is very limited. String Delta operation for example.
> > Unless I am missing something you have not bothered with that in the
> > c# sample code but it used all the time.
> 
> I don't think you are missing anything. If I recall correctly the C#
> implementation is FAST 1.0 and string delta is a 1.1 feature. Clive and
> the other guys at Rapid Addition (who wrote the C# refimpl) can respond
> more in detail.
> 
> > I used to get EBS LIVE via XML and the code was trivial - literally a
> > few days work. I am trying to use their new Fast Fix feed but it's
> > really a nighmare. So far it has taken me about a week and I have
> > still not logged on properly.
> 
> I haven't been involved in the ICAP EBS FAST feed, but I seem to
> remember that they have a few aspects that could be improved.
> 
> That said, I have been involved in using the XML feed and it's verbose
> beyond reason. I once did a test where I FAST encoded a 500 MB sample of
> the old EBS XML feed into FAST. By using fairly aggressive optimizations
> and relying on a TCP transport for the FAST feed (as with the XML feed)
> I was able to compress by a factor of over 30. Admittedly, this was in
> lab conditions and a lot more testing would be needed, but suffice it to
> say, the EBS folks haven't been very aggressive in their encoding.
> 
> > Even when i have done all this I see EBS LIVE sends strings like
> > "SPOT.EUR/USD" down the line. It is all a mess.
> 
> Yes, symbology is a generic problem. Strings are much more verbose than
> some enumerated/mapped identifier. The FAST 1.2 proposal contains both
> enumerations (defined in the template) and maps (defined in the data
> stream). We had a long discussion on the mdowg confcall last week where
> Greg Maynard of the ISE described how they had solved the symbol
> identifier problem in their ISE Depth feed. The ISE feed is one of the
> empirical sources together with the CME and Eurex feeds for continued
> FAST standardization.
> 
> > What would I do instead? I don't pretend to have an answer to that but
> > for EBS LIVE they could have written a much easier format which saved
> > a lot of space and was super easy to pass. Using Fast Fix was a
> > nighmare and a waste of time unless you own a fast fix engine already.
> 
> > Why bother with mantissa and exponent when all their prices could be
> > sent as integer? they have no text data to send just prices so I would
> > have had no strings in the messages at all. Why send body length and
> > checksums in the fix over fast stuff. Just more work.
> 
> I'll not defend their choices, but they had to decide on this when they
> designed the feed without any help from the mdowg, as we hadn't provided
> any guidance or best practices at that time.
> 
> I can see their rationale for including these fields, but I agree with
> you that it isn't obvious that they should be included.
> 
> > Why send string timestamps when it takes 40us to turn a time to a
> > string when you could send an int64 tick time. By trying to do
> > everything it just turn into a nightmare and > is slow to boot.
> 
> Indeed, different flavors of timestamps are included in the FAST 1.2
> proposal as a parameterized integer data type.


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