Latest Developments in FIX Protocol
The latest version of FIX Protocol implements "Transport Independence" by permitting multiple versions of application messages to be carried over a single version of Transport Independent FIX Session (FIXT.1.1 and higher).
Transport Independence also paves the way for different transport protocols like Message Queues, Web Services etc. to be used for FIX message transport other than traditional FIX over TCP.
FIX now supports Algorithmic Trading by use of FIX Algorithmic Trading Definition Language FIXatdl
FIX Protocol Limited has released FAST protocol which stands for FIX Adapted for Streaming. FAST is used for sending Multicast market data
Read more about this topic: Financial Information EXchange
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