Tech Insights

FIX

Last updated May 14, 2025, generated by Sumble

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What is FIX?

FIX (Financial Information eXchange) is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to securities transactions and markets. It's primarily used for electronic trading between financial institutions, such as brokers, exchanges, and investment managers, facilitating automated trading and Straight Through Processing (STP).

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What other technologies are related to FIX?

FIX Competitor Technologies

FIXML is an XML-based version of FIX, serving a similar purpose but with different encoding.

mentioned alongside FIX in 39% (51) of relevant job posts

MX.3 is a trading platform that provides similar functionalities of order management and trade execution using its own internal messaging protocols.

mentioned alongside FIX in 21% (79) of relevant job posts

Fidessa is a trading platform with its own messaging protocols that competes with FIX-based OMS systems.

mentioned alongside FIX in 9% (76) of relevant job posts

MarketAxess is a trading venue that uses its own proprietary protocols for trading, thus competing with FIX-based solutions.

mentioned alongside FIX in 11% (55) of relevant job posts

Tradeweb is a trading venue with its own proprietary protocols for trading, thus competing with FIX-based solutions.

mentioned alongside FIX in 8% (74) of relevant job posts

Bloomberg provides trading platforms and data services that have their own proprietary protocols, competing with FIX.

mentioned alongside FIX in 1% (257) of relevant job posts

Reuters (Refinitiv) provides trading platforms and data services that have their own proprietary protocols, competing with FIX.

mentioned alongside FIX in 2% (81) of relevant job posts

An Order Management System is used for managing orders, and many OMSes use internal proprietary protocols instead of FIX.

mentioned alongside FIX in 1% (101) of relevant job posts

FIX Complementary Technologies

FpML is a standard for complex derivatives. It can be transported using FIX.

mentioned alongside FIX in 38% (351) of relevant job posts

ITCH is a protocol for distributing market data, and FIX can be used to manage order flow related to that market data.

mentioned alongside FIX in 73% (94) of relevant job posts

OUCH is a protocol for order entry, and FIX is a more general protocol that can incorporate order entry alongside other functions.

mentioned alongside FIX in 79% (84) of relevant job posts

Which job functions mention FIX?

Job function

Jobs mentioning FIX

Orgs mentioning FIX

Engineer

0% (2k) job posts

64 organizations

Software Engineer

0% (1.7k) job posts

406 organizations

Data, Analytics & Machine Learning

0% (381) job posts

16 organizations

Data Analyst

0% (347) job posts

124 organizations

Customer Engineer

0% (218) job posts

83 organizations

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Which organizations are mentioning FIX?

Organization

Industry

Matching Teams

Matching People

Finance and Insurance

Finance and Insurance

Finance and Insurance

Finance and Insurance

Finance and Insurance

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