Tag

#FIX Protocol

17articles

Stop Pricing Disputes Before They Start: A Practical Guide to Auditing LP Feeds in Real Time

Learn how brokers and prop firms can validate LP pricing feeds, detect stale quotes and bad ticks, and prevent phantom spreads with practical monitoring and controls.

July 20, 202614 min498

Thomas Mueller

Do You Really Need FIX/FAST Market Data? A Broker’s Decision Guide (With a Simple Checklist)

FIX/FAST can be the right choice for latency-sensitive, high-throughput market data—but many brokers can meet client needs with simpler feeds. Here’s how to decide without overbuilding.

May 5, 20267 min2,128

David Kovač

FIX API Without the Myth: When Brokers Actually Need It (and When They Don’t)

FIX can unlock institutional-grade connectivity—but it’s not a shortcut to better execution. Here’s what FIX really does, what it doesn’t, and how it fits in a modern brokerage stack.

May 5, 20267 min2,200

David Kovač

FIX API vs MT5 Manager API vs Plugins: A Complete Integration Guide for MT5 Ecosystems

Learn how FIX, MT5 Manager API, and MT5 plugins differ, what each can and cannot do, and a practical framework to choose the right MT5 integration method.

May 3, 202615 min2,365

Priya Desai

From Best Price to Best Outcome: FIX-Powered Smart Order Routing Rules Brokers Actually Use

See how brokers use FIX to implement smart order routing with practical rule examples for spread, slippage, toxic flow, and LP quota management—without over-engineering execution.

April 19, 20266 min2,567

David Kovač

Are Your LPs Really Performing? 8 FIX Execution Quality Metrics Every Broker Should Watch

Execution quality isn’t a feeling—it’s measurable. Here are 8 FIX metrics brokers can track to spot LP issues, reduce rejects, and tighten slippage control.

April 19, 20266 min2,898

Noman Chaudhary

MT5 on the Front, FIX in the Back: The Prop Firm Stack That Stops Limit Leaks and Payout Disputes

Traders can stay on MT5 while your back office runs on FIX: cleaner risk controls, consistent limits, better audit trails, and fewer payout disputes at scale.

April 19, 20266 min2,372

David Kovač

Your FIX Logs Are Your Alibi: Building Best‑Execution Proof Regulators Can Audit

Best execution isn’t a slogan—it’s evidence. Learn what regulators expect you to prove using FIX timestamps, quotes, requotes, rejects, and written policies.

April 19, 20267 min2,271

Aisha Rahman

Stop Losing Fills: The FIX Session Lifecycle Checklist Every Broker Needs

A practical walkthrough of FIX session lifecycle mechanics—logon/logout, heartbeats, and sequence numbers—plus the failure patterns that cause brokers to miss fills and desync positions.

April 19, 20267 min2,487

David Kovač

Your Execution Stack Explained: Where FIX, Bridges, and PoPs Actually Sit (and What They Add to Latency & Cost)

Confused about FIX gateways, liquidity bridges, and Prime of Prime providers? Here’s how each component fits in the execution chain—and how fees and latency compound.

April 19, 20267 min2,622

Priya Desai

Choosing the Right Trading API: When FIX Beats WebSockets (and When REST Wins)

A practical decision matrix for brokers and prop firms choosing between FIX, REST, and WebSocket—focused on latency, reliability, governance, and operational control.

April 19, 20267 min3,484

David Kovač

FIX Reject Storms: 12 Production 35=3 Errors and the 60‑Second Triage Playbook

A practical list of the most common FIX Session Reject (35=3) reasons brokers see in production—plus the fastest triage steps to isolate config, sequence, or counterparty issues.

April 19, 20267 min2,241

Priya Desai