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ANSWERS 1.1. What is FIX Protocol?

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ANSWERS 1.1. What is FIX Protocol?

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FIX stands for Financial Information eXchange. It is an electronic messaging format widely adopted by the financial institutions such as brokerage firms, asset management firms, exchanges and other financial firms. These firms use FIX protocol to exchange various securities transactions among each other. The beauty of the FIX protocol is, it is open protocol and specifications are maintained by industry itself through the FIX Protocol Limited.

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