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.

  1. Equity

    Equity is the value of an asset less the value of all liabilities ...
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    A marketplace in which securities, commodities, derivatives and ...
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  4. Chicago Board Options Exchange ...

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  5. Futures

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  6. Broker

    1. An individual or firm that charges a fee or commission for ...
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  1. Who offers 401(k) plans?

    401(k) plans are one of the most common retirement plans available. A 401(k) plan must be offered by a business. These plans ... Read Full Answer >>
  2. Do hedge funds invest in commodities?

    There are several hedge funds that invest in commodities. Many hedge funds have broad macroeconomic strategies and invest ... Read Full Answer >>
  3. Does Fidelity have mutual funds?

    Fidelity offers clients all asset classes of mutual funds, ranging from domestic equity to specialized sectors. The offering ... Read Full Answer >>
  4. How do hedge funds use equity options?

    With the growth in the size and number of hedge funds over the past decade, the interest in how these funds go about generating ... Read Full Answer >>
  5. Can mutual funds invest in options and futures?

    Mutual funds invest in not only stocks and fixed-income securities but also options and futures. There exists a separate ... Read Full Answer >>
  6. How do futures contracts roll over?

    Traders roll over futures contracts to switch from the front month contract that is close to expiration to another contract ... Read Full Answer >>

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