FIX Adapter for Bloomberg Terminal Connectivity (FI Post Trade)
Customer Overview
A well-established trading solution provider specializing in Fixed Income products within the Singapore market partnered with FIXSOL to enhance its post-trade processing capabilities. The firm, known for its advanced Order Management System (OMS), serves institutional investors and needed to expand its operational scope by integrating Bloomberg Terminal connectivity. This would enable seamless access to Bloomberg’s data and services for post-trade workflows. This integration would enable seamless access to Bloomberg’s data and services for post-trade workflows. By incorporating Bloomberg Terminal connectivity, the firm aimed to streamline trade confirmations, settlements, and reporting, thereby improving operational efficiency and reducing manual processes across its post-trade operations.
Business Challenge
The primary business challenge was enabling secure and efficient FIX connectivity between the client’s Fixed Income OMS and the Bloomberg Terminal. The client needed a standards-compliant solution that could handle real-time financial messaging for post-trade activities. Given the time-sensitive nature of post-trade operations, it was critical that the integration support fast, reliable message exchange without introducing delays or data inconsistencies.
Additionally, the system had to support structured data exchange, meet security and compliance requirements, and integrate reliably with Bloomberg’s infrastructure. Ensuring low latency and system stability while handling complex messaging logic was crucial, as any disruptions could lead to operational bottlenecks, increased risk, or regulatory non-compliance.
Solution Delivered by FIXSOL
FIXSOL designed and delivered a robust FIX Adapter that enables secure and smooth integration between the client’s Fixed Income OMS and the Bloomberg Terminal for post-trade workflows.
Key solution highlights:
FIX Protocol 5.0 & JSON API Integration
To ensure comprehensive data handling, we employed a dual integration approach—leveraging FIX Protocol 5.0 for financial messaging and JSON for structured, dynamic data exchange. This setup allowed the OMS to interact with Bloomberg systems using industry-standard messaging formats while retaining flexibility in how additional data points were transmitted and interpreted. By combining these technologies, the solution ensured both reliability and adaptability, catering to diverse data requirements. This approach also improved compatibility with existing systems and facilitated smoother upgrades in the future.
Java FIX Adapter Architecture
At the core of the solution, we developed a Java FIX adapter using the industry-recognized QuickFIX/J engine. We chose Java for its cross-platform compatibility and long-term maintainability, ensuring the adapter would be easy to scale and support. QuickFIX/J provided a robust and proven FIX engine framework. This combination allowed us to deliver a solution that could evolve with the client’s needs, minimizing future operational risks and reducing development effort over time. Additionally, the modular design of the adapter enabled seamless integration with existing systems and simplified future enhancements.
Secure FIX Connectivity Using TSL
TTo safeguard all communications between the OMS and Bloomberg Terminal, we established FIX connectivity via Transport Security Layer (TSL). This encrypted communication layer ensured data confidentiality, integrity, and compliance with financial security standards. By implementing TSL, we also protected the system against potential cyber threats and unauthorized access. This approach guaranteed a highly secure and stable link that supported uninterrupted post-trade operations, maintaining trust and reliability for all stakeholders. Additionally, TSL helped meet stringent regulatory requirements, reinforcing the client’s commitment to data security. The secure connection also facilitated smooth and consistent message exchanges critical for time-sensitive financial transactions.
Result
The client achieved:
Stable and Secure Post-Trade Operations
Real-Time Connectivity with Bloomberg Terminal
Improved Automation and Operational Efficiency
High System Reliability and Performance
FIXSOL’s deep expertise in FIX protocol and financial integration enabled the client to achieve seamless Bloomberg connectivity, thereby enhancing post-trade capabilities and client confidence.
