The Release of Nasdaq OMX - FIX Drop for OUCH Support Pack is now available, as one of multiple OnixS Support Packs.
What is FIX? The FIX Protocol is designed to be extensible with custom application-level FIX tag extensions. Implemented in FIX Dialect XML Schema documents that specify the tag extensions and variants to the base FIX Protocol; these additional user-defined FIX tags can extend the base FIX Protocol messages with custom business elements based on specific contexts; such as client identifiers, internal account numbers, or other custom tags. Because of this, many firms, liquidity pools/venues and vendors make significant extensions to the base FIX Protocol messaging specifications.
OnixS FIX Support Packs vary in scope, but generally include the base OnixS FIX Engine with reference implementation source code samples and venue specific FIX Dialect - which has been implemented, tested and certified by OnixS based on the "FIX Rules of Engagement" specification published by the specific venues.
These Support Packs have been designed to save time and money; both when implementing FIX connectivity to venues, and in maintaining FIX implementations based on the changes made by the target venues.
So why consider the Nasdaq OMX - FIX Drop for OUCH Support Pack specifically?
The Nasdaq OMX Nordics Equities FIX services support back-office FIX sessions for market participants to receive execution reports. There are unique FIX Drop Copy services available for orders routed to the market via OUCH Order Routing and for orders routed via FIX Order Routing.
This implementation is specifically to support FIX Drop Copy for orders routed to the market via OUCH Order Routing, hence the service name of "FIX Drop for OUCH".
The Nasdaq OMX Nordics Equities FIX Drop Copy services are based on FIX protocol standard version 4.2, and are supported by the OnixS Nasdaq OMX Nordics Equities FIX Drop for OUCH FIX Support Pack SDK solutions.
As such, the Nasdaq OMX - FIX Drop for OUCH Support Pack presents multiple advantages:
Flexibility. Access a choice of the OnixS FIX Engine range of .NET, C++ and Java FIX Engines providing high-performance FIX engine and FIX/FAST solutions with the flexibility of technology platform choice and simple API's.
Venue calibration and support. NASDAQ OMX FIX Drop for OUCH venue specific calibrated, tested and supported FIX dialect variant protocol implementation.
Quick implementation. Fast-start reference implementation client application samples with source code to save time getting up and running.
OnixS implements and supports the complete FIX Support Pack package as a venue specific FIX application programme interface (API) software development kit (SDK); designed to quickly integrate and fix enable application or messaging frameworks.
To find out more, you can request an evaluation download of Nasdaq OMX - FIX Drop for OUCH FIX Support Pack here.
Alternatively, you can learn about other OnixS FIX Support Packs here.