Imported from previous forum
Fixspec Open Source Machine-Readable ROE Format - FinSpec Schema
London, 2 March 2016
FixSpec's founding vision is that the creation and sharing of machine-readable API specifications can unlock massive efficiency gains in financial markets connectivity. In support of that vision, FixSpec are today open-sourcing the FinSpec schema, designed for the creation of multi-protocol, machine-readable API specifications (also known as ROEs).
The schema and documentation are available on Github under the Apache 2.0 license, and FixSpec actively encourages contributions and discussion to the development of the schema from all areas of the industry.
Using the ubiquitous JSON format, API specifications which comply to the FinSpec schema will have a prescribed format and structure, making them machine-readable for the recipient, and easy to compare. FixSpec have also provided a simple validation tool to assist with validation.
"FixSpec have been championing the idea of machine-readable specifications ever since the company was founded. A decade ago, the best way of defining and evolving standards was via committee and agreement; today it is via Github. We firmly believe that the right way to launch and evolve this schema is out in the open, with the ability for the whole industry to contribute their ideas and requirements."Based on our conversations with stakeholders, it is no longer a question of if legacy PDF formats will be replaced by machine-readable ROEs, but rather when they will be replaced. We want to play our part in raising the overall efficiency of the industry, and achieve it for all protocols and not just one."
Chris Lees, Founder of FixSpec
FinSpec schema has been designed to be multi-protocol from launch, making it suitable for both standard-based protocols such as FIX and SWIFT, commonly-used protocols such as OUCH and ITCH, and even custom protocols such as proprietary binary formats. It is agnostic to asset class and can be used freely for both internal and external projects.
To learn more, email us at happytohelp@fixspec.com, or chat to Chris at the EMEA FIX Conference in London on 3rd March.
About FixSpec
FixSpec is a London-based software vendor dedicated to simplifying and accelerating connectivity in financial markets through innovative tools. Central is a revolutionary platform designed to place certification on auto-pilot, automating routine tasks and freeing client-facing staff to deliver a more attentive and pro-active service to customers. FixSpec's products are multi-protocol, are suitable for any asset class, and are offered as both hosted or enterprise solutions.