FIX(Financial Information Exchange) is a messaging standard
that facilitates execution of securities electronically. FIX is
often used by program traders , since it would be impossible
to Buy & SELL 100 stocks at once, a program in C++ or
Visual Basic will send orders to NASDAQ or DOT via FIX
in miliseconds. As DEF has mentioned , more information
about FIX can be seen at
www.fixprotocol.org . Most of
the information there will be of interest to programers , not
traders.
Our firm offers REDFIX(FIX Protocol) for systems traders
connecting to REDIFIX in C++ or Visual Basic. We have
written a custom FIX engine that is free to our L.L.C.
members. The FIX engine connects REDI to the C++ or
Visual Basic programs. Custom FIX engines can cost $10,000
or more . Call some of the vendors at
www.fixprotocol.org
and see how much the custom progamming costs . We have
not extra charges for FIX except that a L.L.C. member must
make a 50k capital contribution to our firm.
REDIFIX will execute trades in miliseconds!If your program
doesn't work, FIX will enable you to lose money quickly and
automatically.
Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net