[This message was posted by Pravin Pillai 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/a9c82fca - PLEASE DO NOT REPLY BY MAIL.]
Hi Mahesh, I checked out the network listings and now I am clear on the service provider concept. Thanks for pointing me in the right direction. > (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 -~----------~----~----~----~------~----~------~--~---
