Why Remote FIX support is Today's Need?
Financial communication, including trading, executions, and many others is a complex process. The communication protocol isn’t as straightforward as it may be across other business domains. Hence, the need for an electronic communication protocol continued confronting financial players for decades. As a result, in 1992, the finance fraternity came up with FIX – Financial Information eXchange. The protocol made its way to the finance industry through a group of institutions, looking forward to streamlining their trading processes. The founder institutions envisaged that FIX can improve the efficiency of financial communication. They believed FIX can set a standard for electronic communication of orders, executions, and indications. FIX, as they define it, is an open message standard electronic communication protocol. It enables international real-time exchange of information relating to securities transactions and markets. FIX does not belong to a particular organisation, or an institution. It is a non-proprietary, open standard and free protocol. The member firms of FIX strive to help it evolve on a continuous basis.
How does FIX help?
FIX helps in diverse ways. FIX communications include email, text messages, order submissions and changes, securities trade allocations, and news, along with executing reporting and advertising. The most common application of FIX is business to business interactions. It helps improve business messages and the flow of transactions. It reduces redundancy and the saves time incurred in written messages, documentation, transactions, and telephonic communication. It mostly benefits investment banks, and investment managers. Deploying FIX system within the workflow ensures the relay of accurate and timely financial information about securities trades across security exchange centres.
Who uses FIX?
FIX users are present on the buy side (institutions) and sell side (dealers/ brokers) operating in the financial markets. The users include investment banks, stock exchanges, brokers, mutual funds, and electronic communication networks. They use FIX for equity transactions, bonds, Forex, and many other purposes.
FIXSOL – Your Remote FIX Partner
FIXSOL is a business unit of Fidel Softech Pvt. Ltd. We are company that holds expertise in the FIX based electronic trading domain. We empower finance players (buy side as well as sell side) with testing solutions. We help our clients automate testing through competitive systems that help achieve rigorous testing with the use of dynamic test cases.
We offer services that make partnering with us as the remote FIX associate imperative. Our services include the following.
- FIX Client On-Boarding and Certification
- FIX Support & Maintenance
- QA & Regression Testing
- Overall support to the Trading Lifecycle
- Batch Processing and Automation
- FIX Engine Management
So, if you are a finance player looking forward to streamlining financial information exchange, here are some reasons why you must choose us as your remote FIX partner.
- Faster Delivery of Solutions : We are a unit of FinTech experts. We engineer solutions for a range of FIX concerns in the quickest and the most accurate manner possible.
- Flexibility : Our project resources, whether human or technological, are flexible enough to enable a seamless FIX operational experience, regardless of your business volume.
- Easy Availability of Resources : Our FIX unit is a full-fledged team that works tirelessly towards delivering FIX solutions. So, you will always have resources easily available to help you work out a way out of your problems at any time during the day.
- Improved Efficiency : Our FIX solutions help you improve the efficiency of financial communication and make the most out of the protocol.
- Dedicated Resources and Team : We assign a project manager and dedicated team for every project. With us, you won’t experience project delays, service delays, or delayed responses.
Connect with our experts now, and know how associating with us as your remote FIX partner helps you achieve the benefits of FIX protocol.
If you have any requirements for FIX protocol-based solutions for Electronic Trading, do not hesitate to contact +91-20-49007800 or email- sales@fixsol.com
