Order Routing through FIX

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1

Imported from previous forum

2

Hi,

In case of FIX Hub implementation, I am having following queries

  1. Can FIX Sell side send New Order Single , Cancel Replace, Cancel Reject Request, execution report to Buy Side application and vise versa
    Or
    Is it require separate FIX Session Required to place order from Sell Side
    to Buy Side.

Thanks in Adavance
Giri

3

Usually it is recommended to handle offerings on a separate FIX connection than order-execution FIX connection. You can design your ECN so that the Sell-side orders can be handled on a separate FIX connection than Buy-side orders. It is upto your needs. I would prefer to keep one FIX connection with a counterparty for all orders and executions, but again you should design upto your needs.

Hi,

In case of FIX Hub implementation, I am having following queries

  1. Can FIX Sell side send New Order Single , Cancel Replace, Cancel
    Reject Request, execution report to Buy Side application and vise
    versa Or Is it require separate FIX Session Required to place order
    from Sell Side to Buy Side.

Thanks in Adavance Giri