Financial Services &Training
OCI offers two language specific (C++ and Java)
training courses on QuickFIX (see "What is QuickFIX" infromation
below). See our financial services C++ and Java curriculum diagram for a
sample training path!
Why FIX?
The number of exchanges is proliferating. Traders want to access many markets using
electronic mechanisms. Multiple trading
protocols (i.e. unique to each bourse) complicate and add costs to trading
systems. Brokerages want to lower their
trading transaction costs and streamline their systems. FIX as a common trading protocol offers a more
rational, multi-exchange approach. FIX
can be the key component in any financial organization's strategy. It can help move essential information amongst
internal systems, both in the exchanges and individual firms.
What does FIX do?
At the application level, FIX defines
application messages and their use when submitting/executing orders, presenting
quotes and distributing market data. At
the session level, FIX defines standard headers and footers, application
message format, logon/logoff procedures, and incorporates such features as
message sequencing and heartbeats to ensure reliability. FIX is extensible by the exchange, or the
trading house, to enable tailoring for additional uses within an organization.
What is
QuickFIX?
QuickFIX is a community-based open
source project which implements the FIX standard. It provides a FIX engine in both C++ and Java.
QuickFIX has no license fees and so can
be easily deployed as and when needed. QuickFIX provides a multi-language,
multi-platform, low cost way into the world of FIX. Its open source model, combined with the
extensibility of the FIX standard, provides an attractive baseline from which
to develop next generation financial systems. The community development model ensures a
robust implementation with a large number of users validating the product every day.
| FINC01-01 | Introduction to FIX and QuickFIX for C++ Developers |
| FINC02-01 | Introduction to FIX and QuickFIX for Java Developers |