Financial Information Exchange - FIX

DEFINITION of 'Financial Information Exchange - FIX '

A financial information exchange (FIX) protocol system used by funds, investment managers and firms. FIX systems are used to transfer accurate and timely financial information regarding securities trades through and across security exchange houses, enabling users to make timely and accurate decisions. FIX has become a standard in equity trades.

Also written as "financial information eXchange".

BREAKING DOWN 'Financial Information Exchange - FIX '

The FIX protocol is also becoming a standard in options and futures exchanges as well. The language, which has undergone many transformations and updates, was first introduced in 1992 for equity trading between Salomon Brothers and Fidelity Investments.

RELATED TERMS
  1. Fixed Exchange Rate

    A country's exchange rate regime under which the government or ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Graduated Security

    An equity security that has moved its listing from one stock ...
  4. Financial System

    A financial system can be defined at the global, regional or ...
  5. Fixing

    The practice of arbitrarily setting the price of a good or commodity. ...
  6. Fixed Charge

    Any type of fixed expense that recurs on a regular basis. Fixed ...
Related Articles
  1. Investing Basics

    Explaining Fixed Exchange Rates

    A government using a fixed exchange rate has linked the value of its currency to the value of another country’s currency, or the price of gold.
  2. Professionals

    Fixed vs. Pegged Exchange Rate Systems

    CFA Level 1 - Fixed vs. Pegged Exchange Rate Systems. Discusses the rise and fall of the gold standard. Learn how the pegged exchange rate system combines both fixed and floating exchange rates.
  3. Professionals

    Fixed Income Trader: Job Description & Average Salary

    Learn about the skill requirements and average salary of a fixed income trader, along with the necessary licenses and daily activities.
  4. Investing Basics

    What's an Exchange?

    An exchange is an organized marketplace where securities and other financial instruments are traded.
  5. Economics

    Macroeconomics: Currency

    By Stephen Simpson For citizens of different countries to conduct trade, they have to buy and sell each other's currencies. The price of a nation's currency, expressed as an amount of a second ...
  6. Forex Education

    Dual And Multiple Exchange Rates 101

    Why would a country choose to implement dual or multiple exchange rates? It's risky, but it can work.
  7. Professionals

    Fixed Income Trader: Career Path & Qualifications

    Discover the career path the most fixed income traders follow and learn more about the qualifications needed and the average salary they earn.
  8. Professionals

    Fixed Income Investments

    CFA Level 1: Section 14 - Fixed Income Investments
  9. Investing Basics

    Explaining Fixed Income

    A person living off a fixed income is usually a retiree receiving a fixed, steady monthly inflow of cash.
  10. Professionals

    Exchange Market Structure

    CFA Level 1 - Exchange Market Structure. Contrasts the call and continuous market structures. Showcases the structural differences between regional, national and OTC markets.
RELATED FAQS
  1. What is the difference between the equity market and the fixed income market?

    Discover the differences between equity markets and fixed income markets, along with specific information about each type ... Read Answer >>
  2. What are the main advantages of fixed income securities?

    Learn why the addition of fixed income securities are common among investors who are attempting to limit their exposure to ... Read Answer >>
  3. How do you account for changes in the market value of various fixed assets?

    Understand how to account for changes in the fair market value of a company's fixed assets. Learn what accounting methods ... Read Answer >>
  4. When does the fixed charge coverage ratio suggest that a company should stop borrowing ...

    Discover how the fixed charge coverage ratio is useful to investors and analysts, and when it suggests that a company should ... Read Answer >>
  5. What is the difference between fixed cost and total fixed cost?

    Learn what a fixed cost is, what a variable cost is, what total fixed costs are, and the difference between a fixed cost ... Read Answer >>
  6. What is the fixed asset turnover ratio and why is it important?

    Learn about the fixed asset turnover ratio and how this calculation is used to analyze how efficiently a company uses its ... Read Answer >>
Hot Definitions
  1. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  2. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  3. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center