FIX Connectivity for a Custom Application

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Imported from previous forum

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[ original email was from Tom Santamaria - thomas.santamaria@morganstanley.com ]
What are the different ways to connect a hedge fund client which has it’s own custom application that automatically generates trades with a single sales broker?

Thanks in advance,

Tom

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Hi Tom,

By your question, I assume that the hedge fund doesn’t have a FIX engine at present.

We provide an Excel to FIX add-in (http://www.xlfix.com). This
generates FIX messages out of Excel.

Alternatively, there are a wide range of FIX engine vendors
http://www.fixprotocol.org/products/
A lot of them provide XML adapters.

Also, there are several open source FIX engines:
QuickFIX (http://www.quickfixengine.org/)
B2BITS http://www.fixprotocol.org/vendors/4733

Also, Ullink or NYFIX provide services for free if you use their networks.

Cheers,
George.

What are the different ways to connect a hedge fund client which has
it’s own custom application that automatically generates trades with a
single sales broker?

Thanks in advance,

Tom

4

[ original email was from Brian Ross - brian@fixmlflyer.com ]
Tom,

Technically you don’t need to implement a FIX engine on both sides. You can use MQ Series to send FIX or FIXML formatted messages back and forth. However, since most participants have embraced the FIX session, a small investment now will provide a lot more flexibility down the road.

We have a service called FIXtp which allows hedge funds to go to a secure web page, upload a file output by their application, and send it via a FIX session to the broker. With our service the hedge fund can use the web, ftp, or an Excel Add-in without having to implement a FIX engine.

Brian

Hi Tom,

By your question, I assume that the hedge fund doesn’t have a FIX engine
at present.

We provide an Excel to FIX add-in (http://www.xlfix.com). This generates
FIX messages out of Excel.

Alternatively, there are a wide range of FIX engine vendors
http://www.fixprotocol.org/products/ A lot of them provide XML adapters.

Also, there are several open source FIX engines: QuickFIX
(http://www.quickfixengine.org/) B2BITS
http://www.fixprotocol.org/vendors/4733

Also, Ullink or NYFIX provide services for free if you use their
networks.

Cheers, George.

What are the different ways to connect a hedge fund client which has
it’s own custom application that automatically generates trades with a
single sales broker?

Thanks in advance,

Tom

5

[ original email was from Xavier Joly - xavier.joly@ullink.com ]
Tom,

We do offer a free FIX engine that you can download from our website at

http://www.ullink.com/fixengine_download.html

Please feel free to contact me if you need any clarification.

Xavier.

Ullink Inc.
575 Lexington Avenue – 4th floor
New York, NY 10022
United States
Tel: +1 212 572 9623
Fax: +1 212 572 9624
Cell: +1 646 416 0200

www.ullink.com
www.ullink.net

What are the different ways to connect a hedge fund client which has
it’s own custom application that automatically generates trades with a
single sales broker?

Thanks in advance,

Tom

6

[ original email was from Jason Elmer - jason.elmer@nyfix.com ]
> What are the different ways to connect a hedge fund client which has

it’s own custom application that automatically generates trades with a
single sales broker?

Thanks in advance,

Tom

7

[ original email was from Jason Elmer - jason.elmer@nyfix.com ]
Tom,

NYFIX has just begun offering a free FIX engine. Please go to www.nyfix.com to download the Appia FIX Engine, which has been ranked number one in usage by the Towers Group report. Appia coupled with the most robust FIX network will allow your buyside clients to connect quickly and efficiently.