1 Way or 2 Way FIX

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Imported from previous forum

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Dear All

I’m a beginner of FIX Protocol, just a general question about FIX. I always heard ppl from different back have to setup 1 way or 2 way FIX connection to each other, so what is the difference between 1 way or 2 way in FIX connection?

Many Thanks

Jack

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1 way fix means that order will be loaded manually by sales trader/ trader and client will receive execution for this order electronically via FIX

2 way fix -. client sends oder through FIX and receives execution through Fix

– Nand

Dear All

I’m a beginner of FIX Protocol, just a general question about FIX. I
always heard ppl from different back have to setup 1 way or 2 way FIX
connection to each other, so what is the difference between 1 way or 2
way in FIX connection?

Many Thanks

Jack

4

[ original email was from Darren Nash - darren.nash@bbh.com ]
Jack,

One way order flow could be a drop copy session, this is where executions reports are sent to a back office - no reply is sent.

Two way order flow is where you expect a response, i.e. you send an order and you would expect to receive an acknowledgement.

Darren

Dear All

I’m a beginner of FIX Protocol, just a general question about FIX. I
always heard ppl from different back have to setup 1 way or 2 way FIX
connection to each other, so what is the difference between 1 way or 2
way in FIX connection?

Many Thanks

Jack