Understanding FIX for a Newbie

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Imported from previous forum

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Would anyone be able to advise on how I could gain a foothold in the City of London, with FIX understanding and experience under my belt.

My current background is in the IT support arena for the last 10 years, although none of this has been in the financial arena etc…a major issue in gaining a foothold for a reputable company in the City.

As I understand, FIX is one of the areas that I need to understand in order to progress to what most certainly is a completely different playing field.

I am more than certain that I have what it takes to handle the pressures of city life, but in order to do so; I must make sure I am at least prepared to a certain extent with technologies such as FIX.

All advice is more than welcome and gratefully received.

Regards,

Mark Murray.

3

Hi Mark,

Welcome to the FIX and Online stock trading world.

Since you mentioned that you do not have any experience in financial arena, before you get into FIX, develop an idea of Stock trading and electronic exchanges.

Anatomy of a Stock Trade: Trading a Stock from Start to Finish

http://www.movethemarkets.com/blog/2006/09/05/anatomy-of-a-stock-trade-trading-a-stock-from-start-to-finish/

Shares made simple

Learning about Investing

http://www.rbs-sharedealing.co.uk/learn/index.cfm

Education center@Trading-Futures-Markets.com

http://www.trading-futures-markets.com/futures101.htm

Below are links which give you meanings of terms used in stock trading.

Stock trading glossaries

http://lei.ncee.net/resources/glossary.php

http://www.hotspotfx.com/aboutfx/glossary/

http://www.thepitmaster.com/

http://investopedia.com/dictionary/

http://www.swcp.com/pcaskey/schwabstockhelp.html

http://www.euronext.com/common/glossary/glossary-2214-EN.html

http://www.mansecuritiesinc.com/edu/glossary.cfm

http://www.mansecuritiesinc.com/edu/ordertypes.cfm

https://www.theice.com/glossary.jhtml

http://www.oio.com/education/ordertypes.asp

http://www.excelfutures.com/commodity_futures_trading_commis.htm

https://www.wellsfargo.com/investing/glossary/glossary1

http://aol.fool.com/dbc/qa/qa19.htm?ref=in

http://www.uobkayhian.com.sg/pics/US%20Quick%20User%20Guide.pdf

A Good FIX tutorial

http://www.splunk.com/base/FIX

Finally FIX_Specifications@fixprotocol.org

http://fixprotocol.org/specifications/

Hope these help you in reaching your goal. Best of luck.

Regards,
K. Mahesh
+1-203-252-4039

Would anyone be able to advise on how I could gain a foothold in the
City of London, with FIX understanding and experience under my belt.

My current background is in the IT support arena for the last 10 years,
although none of this has been in the financial arena etc…a major
issue in gaining a foothold for a reputable company in the City.

As I understand, FIX is one of the areas that I need to understand in
order to progress to what most certainly is a completely different
playing field.

I am more than certain that I have what it takes to handle the pressures
of city life, but in order to do so; I must make sure I am at least
prepared to a certain extent with technologies such as FIX.

All advice is more than welcome and gratefully received.

Regards,

Mark Murray.

4

Many thanks for this very in depth information. I will now go about trying my best to at least gain some understanding of the areas you prioritised.

Hopefully, I can get myself into a position that will enable me to move forward with some of this understanding behind me.

Once again, thank you very much and all the best for the future.

Kind regards,

Mark Murray.

Hi Mark,

Welcome to the FIX and Online stock trading world.

Since you mentioned that you do not have any experience in financial
arena, before you get into FIX, develop an idea of Stock trading and
electronic exchanges.

Anatomy of a Stock Trade: Trading a Stock from Start to Finish

movethemarkets.com
trading-a-stock-from-start-to-finish/

Shares made simple

Online Trading and Investing -- TD Direct Investing

Learning about Investing

http://www.rbs-sharedealing.co.uk/learn/index.cfm

Education center@Trading-Futures-Markets.com

http://www.trading-futures-markets.com/futures101.htm

Below are links which give you meanings of terms used in stock trading.

Stock trading glossaries

http://lei.ncee.net/resources/glossary.php

Small Cap Equity Market | NYSE American

http://www.hotspotfx.com/aboutfx/glossary/

灵狐网络科技-专注本地生活服务平台打造

http://www.thepitmaster.com/

Financial Terms Dictionary

http://www.schwab.com/public/schwab/home/get_started/new_investin-
g/glossary

http://www.swcp.com/pcaskey/schwabstockhelp.html

http://www.euronext.com/common/glossary/glossary-2214-EN.html

http://money.aol.com/fool/investing/canvas3/_a/what-are-all-these-
different-types-of/20050429104009990001

http://www.mansecuritiesinc.com/edu/glossary.cfm

http://www.mansecuritiesinc.com/edu/ordertypes.cfm

https://www.theice.com/glossary.jhtml

http://www.oio.com/education/ordertypes.asp

Definition and information on Orders

http://www.excelfutures.com/commodity_futures_trading_commis.htm

Personal Banking, Credit Cards, Loans & Investing | U.S. Bank

http://www.trxfutures.com/trx_trader/liffe_connect

https://www.wellsfargo.com/investing/glossary/glossary1

Stock Investing & Stock Market Research | The Motley Fool

http://www.boonebank.com/app/services/personal/investing/services19.jsp

http://www.uobkayhian.com.sg/pics/US%20Quick%20User%20Guide.pdf

A Good FIX tutorial

http://www.splunk.com/base/FIX

Finally FIX_Specifications@fixprotocol.org

http://fixprotocol.org/specifications/

Hope these help you in reaching your goal. Best of luck.

Regards,
K. Mahesh +1-203-252-4039

Would anyone be able to advise on how I could gain a foothold in the
City of London, with FIX understanding and experience under my belt.

My current background is in the IT support arena for the last 10
years, although none of this has been in the financial arena etc…a
major issue in gaining a foothold for a reputable company in the City.

As I understand, FIX is one of the areas that I need to understand in
order to progress to what most certainly is a completely different
playing field.

I am more than certain that I have what it takes to handle the
pressures of city life, but in order to do so; I must make sure I am
at least prepared to a certain extent with technologies such as FIX.

All advice is more than welcome and gratefully received.

Regards,

Mark Murray.

5

Many thanks for this very in depth information. I will now go about trying my best to at least gain some understanding of the areas you prioritised.

Hopefully, I can get myself into a position that will enable me to move forward with some of this understanding behind me.

Once again, thank you very much and all the best for the future.

Kind regards,

Mark Murray.

Hi Mark,

Welcome to the FIX and Online stock trading world.

Since you mentioned that you do not have any experience in financial
arena, before you get into FIX, develop an idea of Stock trading and
electronic exchanges.

Anatomy of a Stock Trade: Trading a Stock from Start to Finish

movethemarkets.com
trading-a-stock-from-start-to-finish/

Shares made simple

Online Trading and Investing -- TD Direct Investing

Learning about Investing

http://www.rbs-sharedealing.co.uk/learn/index.cfm

Education center@Trading-Futures-Markets.com

http://www.trading-futures-markets.com/futures101.htm

Below are links which give you meanings of terms used in stock trading.

Stock trading glossaries

http://lei.ncee.net/resources/glossary.php

Small Cap Equity Market | NYSE American

http://www.hotspotfx.com/aboutfx/glossary/

灵狐网络科技-专注本地生活服务平台打造

http://www.thepitmaster.com/

Financial Terms Dictionary

http://www.schwab.com/public/schwab/home/get_started/new_investin-
g/glossary

http://www.swcp.com/pcaskey/schwabstockhelp.html

http://www.euronext.com/common/glossary/glossary-2214-EN.html

http://money.aol.com/fool/investing/canvas3/_a/what-are-all-these-
different-types-of/20050429104009990001

http://www.mansecuritiesinc.com/edu/glossary.cfm

http://www.mansecuritiesinc.com/edu/ordertypes.cfm

https://www.theice.com/glossary.jhtml

http://www.oio.com/education/ordertypes.asp

Definition and information on Orders

http://www.excelfutures.com/commodity_futures_trading_commis.htm

Personal Banking, Credit Cards, Loans & Investing | U.S. Bank

http://www.trxfutures.com/trx_trader/liffe_connect

https://www.wellsfargo.com/investing/glossary/glossary1

Stock Investing & Stock Market Research | The Motley Fool

A Community Bank in the Boone County Area | Central Bank

http://www.uobkayhian.com.sg/pics/US%20Quick%20User%20Guide.pdf

A Good FIX tutorial

http://www.splunk.com/base/FIX

Finally FIX_Specifications@fixprotocol.org

http://fixprotocol.org/specifications/

Hope these help you in reaching your goal. Best of luck.

Regards,
K. Mahesh +1-203-252-4039

Would anyone be able to advise on how I could gain a foothold in the
City of London, with FIX understanding and experience under my belt.

My current background is in the IT support arena for the last 10
years, although none of this has been in the financial arena etc…a
major issue in gaining a foothold for a reputable company in the City.

As I understand, FIX is one of the areas that I need to understand in
order to progress to what most certainly is a completely different
playing field.

I am more than certain that I have what it takes to handle the
pressures of city life, but in order to do so; I must make sure I am
at least prepared to a certain extent with technologies such as FIX.

All advice is more than welcome and gratefully received.

Regards,

Mark Murray.

Some basic and fundamentals about FIX protocol