[This message was posted by Changpeng Yu of FT Computer Solutions <[email protected]> to the "4.2 Changes" discussion forum at http://fixprotocol.org/discuss/5. You can reply to it on-line at http://fixprotocol.org/discuss/read/456e6ef8 - PLEASE DO NOT REPLY BY MAIL.]
> I have a few BASIC questions bothering me and would like to understand > if I am on the right track. Can you please confirm/answer the following: > > (1) FIX is primarily used for buy-side to sell-side communication. > > (2) FIX is also used for sell-side to exchange communication. > > (3) For FIX communication between buy-side and sell-side, we would need > a FIX engine on both sides and a session needs to be maintained > between the 2 engines for any communication to happen. > > (4) For FIX communication between sell-side and exchange, we would need > a FIX engine on both sides and a session needs to be maintained > between the 2 engines for any communication to happen. > > (5) Assuming the above is true, I believe the sell-side can use a single > FIX engine for communication with buy-side as well as exchange. > > (6) Most of the sample code that I see is a buy-side communicating with > a sell-side wherein the sell-side simulates a response. I want to > understand the end-to-end scenario with an exchange also in picture. > Lets say buy-side places an order. Sell-side receives the order and > instead of simulating a response needs to send the order to the > exchange. I am imagining that the sell-side application picks up the > order from buy-side-sell-side-session, probably makes changes to the > sendercompid and targetcompid, and sends the order on the sell-side- > exchange session to the exchange. Thus an end-to-end scenario will > always involve 2 FIX sessions. Is this correct? > > (7) I have some folks telling me that "buy sides will not have a FIX > engine but they will be able to send FIX messages using some > adapter. Only the sell side will have a fix engine to receive and > process these messages.". I believe this is incorrect. Am I correct? I have some information posted at http://www.eptop.com/FIX/FixExpress.htm. Hope it can answer all your questions. Good luck, peng [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en -~----------~----~----~----~------~----~------~--~---
