Fix Gateway

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Imported from previous forum

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Please can someone tell me what the definition and the functionality of a Fix Gateway is?

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Please can someone tell me what the definition and the functionality of
a Fix Gateway is?
Mark,
There are range of thoughts on this from a software that connects some application (black box or order entry system) to some Server using FIX protocol — all the way to systems that sit on a server and provide intelligent routing of orders to N destinations.

In my own view its just the software that connects using FIX.
John

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We have an OMS which we provide to brokers who send trades to our Central Order Management System. Our objective is to continue to allow communication via our standard OMS system and to provide brokers using there own proprietary systems the ability to send fix messages via a ??fix gateway?? which will translate the messages into our proprietary fixed length format message for delivery into the Central OMS. What components would be required to achieve this objective?

There is also confusion as to what the difference between the following are and how they fit together:

  • Fix Engine.
  • Fix Hub.
  • Fix Gateway.
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[ original email was from Ameesh Kumar - akumar@greenlinetech.com ]
Mark,

Here are the definition for the 3 terms u mentioned -

  • Fix Engine.
    A piece of software that has FIX capability - it can establish FIX connections, receive and send FIX messages. e.g. Commercially available FIX Engines are Cameron, QuickFIX etc.
  • Fix Hub.
    These are FIX messaging service providers in the financial industry. They receive FIX messages from one organization translate them slightly and pass it on to another organization. e.g. NYFIX, AUTEX are some such service providers
  • Fix Gateway.
    You can use FIX Gateway also as a synonym of FIX Engine but usually FIX Gateway is used for the FIX Engine which interface with your external clients.

Hope this clarifies…

We have an OMS which we provide to brokers who send trades to our
Central Order Management System. Our objective is to continue to allow
communication via our standard OMS system and to provide brokers using
there own proprietary systems the ability to send fix messages via a
??fix gateway?? which will translate the messages into our proprietary
fixed length format message for delivery into the Central OMS. What
components would be required to achieve this objective?

There is also confusion as to what the difference between the following
are and how they fit together:

  • Fix Engine.
  • Fix Hub.
  • Fix Gateway.
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