[This message was posted by Ryan Pierce of CME Group <[email protected]> 
to the "Information Security" discussion forum at 
http://fixprotocol.org/discuss/3. You can reply to it on-line at 
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The FPL White Paper on this topic:

http://www.fixprotocol.org/documents/3569/FIX%20Security%20White%20Paper-1.8-FINAL.pdf

discusses both IPSec and SSL/TLS. You might want to look into the latter, as 
well. I have heard a good deal of buzz around SSL/TLS in FIX circles. I see a 
number of commercial engine vendors offering support, and at least one open 
source engine integrating it as well.

But the best part is that native engine support for it isn't even required; 
"stunnel" is an open-source proxy that can transparently sit in the middle of a 
FIX session and provide SSL/TLS encryption and authentication using X.509 
certificates, either for FIX session intiators or acceptors.

I do want to caution that stunnel configuration must be done properly. The 
White Paper referenced above talks about some of the issues.


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