[This message was posted by Mahesh Kumaraguru of <[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/4f5d2b56 - PLEASE DO NOT REPLY BY MAIL.]
(1) Is this is a common route that buy-side firms take or is it that the majority of buy-sides would have their own FIX engine? In percentage terms, I do not have a % number of Buy side firms who directly connect to Sell side using their FIX engine versus those who use service provider(s). FIXGlobal at http://fixglobal.com/ might have the information you are looking for. (2) In case of the service provider approach, is it correct to assume that the service provider would have its FIX engine that would connect to the FIX engine of the sell-side. Yes, if a particular sell side is using FIX for inbound connections, then the service provider would have an outbound FIX engine which would act as Session initiator connecting to that sell side's inbound FIX engine (Session Acceptor). (3) What would be some examples of such service providers? Do the trader networks provided by the likes of Fidessa and Fix Flyer belong to this category? There are many networks listed at http://fixprotocol.org/products/3 , you could contact those networks directly to find out if they do non-FIX to FIX connectivity (I would not speak on behalf of any particular vendor). There are networks which provide FIX to FIX translations, i.e. in a hub and spoke model, the buy side maintains a FIX session with a single FIX version with the network service provider and the network service provider translates it to the FIX version(s) as desired by the different Sell sides. This makes maintainence and certification easier on the buy side, but there is an associated cost. > Thank you very much Mahesh. This really helps. > > Regarding the last point on service providers that host FIX adapters to > do the 2-way conversion: > > (1) Is this is a common route that buy-side firms take or is it that the > majority of buy-sides would have their own FIX engine? > > (2) In case of the service provider approach, is it correct to assume > that the service provider would have its FIX engine that would > connect to the FIX engine of the sell-side. > > (3) What would be some examples of such service providers? Do the trader > networks provided by the likes of Fidessa and Fix Flyer belong to > this category? > > > > (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? [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 -~----------~----~----~----~------~----~------~--~---
