FIX Performance: Mechanisms, Measurements, and Management

The FIX protocol forms the backbone of communication between buy-side firms, sell-side brokers, market-makers, exchanges, ECNs, market-data providers, and anyone participating in electronic trading. Even in areas where it has been superseded by other trading protocols, FIX often remains the de facto data model for many of its replacements.

Accordingly, the monitoring and performance of electronic financial markets transactions over FIX is critical to attain and assure optimal transaction and trading performance.