FXall launches FIX gateway
FXall has announced the introduction of a FIX gateway to the FX market.
FXall has announced the introduction of a FIX gateway to the FX market. FX market participants in particular institutional investors can now access the automated prices from more than 50 banks through a single FIX connection developed by FXall using its QuickConnectTM technology. FIX implementations were traditionally approached on a bi-lateral basis between counterparties. With the FIX gateway, FXall has taken away the need to create custom connections between various trading partners thus significantly reducing the investment required.
The FIX gateway works by using QuickConnectTM, FXalls STP adaptor that supports all protocols in the marketplace. QuickConnectTM now offers enhanced FIX-based connections to more than 50 banks and custodians as well as more than 700 buy-side institutions all through a single point of access. This makes FIX connectivity using FXalls QuickConnectTM fast, cost-effective and virtually painless.