B2BITS EPAM Systems launched a program to improve throughput, latency and lower the cost of ownership for FIX based communications.
Since the inception of FIX protocol in 1992 there are more than 10,000 FIX engine installations in 50 countries.
Three quarters of all exchanges surveyed by TowerGroup at the end of 2011 supported a FIX interface, with the majority handling over 25% of their total trading volume via FIX.
The volume of transactions and market data processed via the FIX by buy and sell side firms increased dramatically.
Early adopters of the FIX protocol, implemented FIX engine more than 5- 10 years ago realize the need to upgrade FIX connectivity solutions via re-development or acquisition.
This upgrade program for Java, .NET and C++ based FIX engines is designed to satisfy the evolving needs of commercial, in-house developed, and open source FIX engines users:
- Improve latency and throughput, reduce unacceptable delays and queuing in the FIX communication infrastructure
- Extend functionality of FIX based systems restricted by the legacy products
- Improve performance and save costs by utilizing latest multi core CPU architecture, leveraging new network packet processors supported by modern FIX engines
- Enable interfaces with new middleware to expand compatibility
- Be compatible with the latest versions of the FIX protocol to meet counterparty requirements
- Lower the total cost of ownership by purchasing new products
- Adopt licensing models making system expansion cost effective
- Improve quality and efficiency of management by replacing inadequate operational tools with full set of advanced tools bundled with modern FIX engines
- Benefit technically and economically from the ability to run efficiently many more FIX connections on single FIX server
Typical challenges for the upgrade are:
- Tight integration of the old FIX engines with existing systems
- High cost of re-integration work
- Legal constraints and terms of the existing licensing agreements
B2BITS helps address the challenges of re-engineering the FIX connectivity layer by providing a complete set of services at a very competitive price point using combination of onshore and offshore resources.
| For commercial software users | For users of in-house developed solutions | For open source FIX solution users |
|---|---|---|
| Assessment of the current state and elaboration of the rationale and actionable recommendations | Assessment of the current state and elaboration of the rationale and actionable recommendations | Assessment of the current state and elaboration of the rationale and actionable recommendations |
| Development of a detailed plan for product acquisition and integration work scope | Development of a detailed plan for product acquisition and integration work scope | 1-month evaluation license to demonstrate B2BITS FIX engine solution performance, which significantly exceeds that of the open source solutions |
| Proof of Concept for porting from a vendor solution or in-house system to FIX Antenna | Proof of Concept for porting from a vendor solution or in-house system to FIX Antenna | N/A |
| Free license to clients holding unexpired licenses, until the expiration of the existing licenses, regardless of the number of engines* | Free 3-month license regardless of the number of engines | Free 3-month license regardless of the number of engines |
| Integration work from the low-cost development centers in Eastern Europe | Integration work from the low-cost development centers in Eastern Europe | Integration work is provided from the low-cost development centers in Eastern Europe, if required |
* time to license expiration should not exceed 1 year.
B2BITS EPAM Systems works closely with the companies seeking to upgrade their FIX connectivity solutions, helping develop strategy for managing FIX, FIXML, and FAST enabled software.
To participate in this program contact us at sales@b2bits.com with a subject "FIX engines upgrade"