Crypto exchange Bitfinex adds FIX gateway connectivity

Bitfinex, the popular crypto trading platform, has launched a Financial Information eXchange (FIX) gateway, a routing service using the FIX protocol that enables high-speed connectivity to the exchange. FIX is a language used largely by institutions and trading platforms to communicate trade information. This non-proprietary, free and open standard is constantly being developed to support…

Bitfinex, the popular crypto trading platform, has launched a Financial Information eXchange (FIX) gateway, a routing service using the FIX protocol that enables high-speed connectivity to the exchange.

FIX is a language used largely by institutions and trading platforms to communicate trade information. This non-proprietary, free and open standard is constantly being developed to support business and regulatory needs and is used by thousands of firms to complete millions of transactions.

Bitfinex’s launch of a FIX gateway will enable institutions to use their existing FIX infrastructure to connect to the Bitfinex platform. The introduction of FIX will prevent bottlenecks on the platform, particularly during episodes of high levels of volatility, improving the latency and performance of the platform.

The FIX Protocol language is comprised of a series of messaging specifications used in trade communications. Originally developed to support shares trading in conventional financial markets in the pre-trade and trade environment, it is now experiencing expansion into the post-trade space, supporting straight-through processing (STP) from indications of interest (IOI) to allocations and confirmations.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts

Gelato Network launches new multi-chain smart contract automation app

Gelato Network, a decentralized network of bots to automate smart contract executions on public EVM compatible blockchains, today announced the launch of Gelato Ops —  a multi-chain smart contract automation hub that is now available on Ethereum, Polygon, Fantom, and Arbitrum. Highlights: Gelato Ops enables web3 developers to automate tasks via an easy-to-use interface Example…
Crypto exchange platform BitMEX to support spot trading of ETH in Q2
Read More

Crypto exchange platform BitMEX to support spot trading of ETH in Q2

Crypto exchange platform BitMEX, announced today that Mercuryo, a crypto-asset payment gateway, is now integrated, providing users another method and secure way to purchase crypto via fiat. In total, 30 fiat currencies are available... Read more BitMEX, a crypto derivatives & DeFi exchange, announced today that the company's new mobile app is now in beta…
Crypto.com launches new OTC trading portal for large orders
Read More

Crypto.com launches new OTC trading portal for large orders

Crypto.com, a cryptocurrency exchange platform, today announced that its exchange service now features a new over-the-counter (OTC) portal. Immediately, select institutional and VIP clients can get instant and custom quotes on block trades for over 10 trading pairs, specifically BTC/USDT, ETH/USDT, ADA/USDT, XRP/USDT, SOL/USDT, BTC/USDC, ETH/USDC, ADA/USDC, XRP/USDC, and SOL/USDC. OTC block trades enable large-volume…