How to implement FIX Protocol?

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Imported from previous forum

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  1. how to implement fix protocol?

fix protocol deals only with two layers to develop.

session and application layer.

session layer consists of

  1. connection authentication and initialization(login and validation)

  2. message exchange in <tag> = <value> format.
    v.important. this is the main work in our fix protocol dev.

2 types of messages
a. adminstrative message – heartbeat(to check if the system is alive),
reject, request, send duplicate etc.

b. application messages such as news, email, single new order, qoutations,
fixed income etc.

  1. application layer concerned with business related info.

we have to develop fix client and fix server.

fix engine should contain these information

  1. no. of messages sent
  2. no. of acknowlwedged messages
  3. no. of unacknowledged messages.
  4. no. of messages sent per second.