The Financial Information Exchange (FIX) protocol was created in 1992 to serve as the “universal” communication language for international financial transactions. Since all order systems are different, there was a strong need to communicate all executions between brokers, exchanges, mutual funds, investment banks, and direct market access participants using a universal format.
XTRD supports a slightly modified FIX 4.4 version for market data streaming and trading.
By utilizing our low latency and high throughput FIX gateway, market participants such as market makers, proprietary trading companies, brokers, hedge funds, trading platforms, and banks can easily access all digital asset exchanges and other liquidity pools without spending weeks or months on integration.
XTRD OEMS enables efficient scale-up or down of your trading operations where adding or removing exchanges is just a configuration question.
Our systems can process tens of millions of orders daily per client and are ideally suited for high-frequency trading.
A rich set of messages gives complete control over the execution process and total transparency on assets under management.