FIX over FAST represents a technical standard that combines the Financial Information eXchange (FIX) protocol, used for structuring trading message content, with the FIX Adapted for Streaming (FAST) protocol, employed for highly efficient message encoding. This integration optimizes the transmission of trading data, significantly reducing latency and bandwidth consumption in high-frequency financial markets, including institutional crypto trading.
Mechanism
FIX messages, which contain critical trading information such as trade requests, order updates, and market data, are initially structured according to standard FIX tags. These messages are then compressed and encoded using FAST protocol’s templating and delta encoding techniques, which substantially reduce message size by transmitting only the changed data fields. The encoded messages are subsequently transmitted over TCP/IP networks, where the receiving party utilizes a corresponding FAST template to decompress and decode the data back into its original FIX format.
Methodology
The strategic approach aims to achieve ultra-low latency and exceptionally high throughput for both market data dissemination and order routing. It leverages the robust and widely adopted messaging capabilities of FIX with the wire-efficiency and speed of FAST to support real-time trading operations. This methodology is crucial for institutional participants in crypto markets, enabling rapid price updates and swift order submissions, which are essential for competitive algorithmic trading and effective liquidity provision.
Latency optimizations in FIX implementations fundamentally reshape quote aggregation, yielding a decisive informational advantage and superior execution.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
