Can a french broker uses FIX ?

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Imported from previous forum

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Is there an opportunity for a french On-line Broker to use FIX protocol in order to provide a direct access for its clients to the American securities markets ?

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[ original email was from John Boulton - boultonj@tfseur.co.uk ]
> Is there an opportunity for a french On-line Broker to use FIX protocol in order to provide a direct access for its clients to the American securities markets ?
>
We would be interested in talking to you about what you are trying to do.

You can contact me on +44 (0) 171 369 7994

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I think the key issue you may face will be which “American securities markets” you wish to interface to. In terms of equities, I am not aware of either the NYSE or NASDAQ providing a direct interface via FIX to their exchanges (yet), but there are a significant number of ECNs (Electronic Communication Networks now called ATS - Alternative Trading Systems) and electronic order routing/matching systems which support FIX orders and would be worth exploring. At this point, even if the exchanges provided a direct interface via FIX, you would likely have to be a registered member broker/dealer. This is more of a who’s doing what and when vs. any kind of limitation with the FIX Protocol itself.

> Is there an opportunity for a french On-line Broker to use FIX protocol in order to provide a direct access for its clients to the American securities markets ?
>

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Following on from what Scott has mentioned; we at Trinitech offer our NYFiX data centre which allows FIX compliant counterparties to communicate. We already support non-US brokers who are doing precisely this. We can be contacted in London on 44 (171) 256 5559 and in the US on 1 (203) 425 8000

> I think the key issue you may face will be which “American securities markets” you wish to interface to. In terms of equities, I am not aware of either the NYSE or NASDAQ providing a direct interface via FIX to their exchanges (yet), but there are a significant number of ECNs (Electronic Communication Networks now called ATS - Alternative Trading Systems) and electronic order routing/matching systems which support FIX orders and would be worth exploring. At this point, even if the exchanges provided a direct interface via FIX, you would likely have to be a registered member broker/dealer. This is more of a who’s doing what and when vs. any kind of limitation with the FIX Protocol itself.
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> > Is there an opportunity for a french On-line Broker to use FIX protocol in order to provide a direct access for its clients to the American securities markets ?
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