Brook Path Partners, Inc. FIX Protocol Consulting

FIX Protocol Consulting

"Brook Path provided a tremendous amount of leadership in the [FIX] Certification Program and FIX overall, both on the equity side and the fixed-income side, including buy-side and sell-side firms. So they have a great deal of experience with the development of the protocol and with the development of the Certification Program" Full article

Daniel A. Doscas

Chairperson

FPL Global Fixed Income Committee

FIX-Complete

A methodology for implementing the FIX protocol for any asset class.

Overview:

FIX-Complete is a package of consulting services specifically designed to help customers implement the FIX protocol for any asset type supported by the FIX 4.4, or earlier, specification, including equity, fixed income, derivatives and foreign exchange.

FIX-Complete covers the use of FIX for all phases of the trade lifecycle including
pre-trade, trade, and post-trade messages such as allocations.

FIX-Complete utilizes a methodology for implementing the FIX protocol that addresses a customer's overall trading infrastructure and workflow.

The FIX-Complete Methodology:

Education
Educate the end users on how electronic trading impacts the day to day operations of traders and support personnel in the front, middle and back office.
Strategic Planning
Develop a high level strategy and design that focus on defining clear business goals for how FIX will be used and addressing internal infrastructure and external connectivity issues.
Business Analysis
Define new workflows and provide a data map between existing, or planned, systems and the FIX protocol.
Project Definition
Determine what work will be done by the customer's internal, or external, development staff and what products will be supplied by vendors.
Product Selection
Select the FIX engine and related applications that best match the strategic goals and system environment.
Focused Development
Provide guidance and reviews of work done by the customer's internal, or external, development staff in addition to reviewing end user documentation and procedures.
Testing Strategy
Create a comprehensive test strategy for both internal and end-to-end testing with counterparties to ensure the meeting of requirements for functionality, reliability and performance.
Implementation
Resolve any conflicts with counterparties resulting from differing interpretations of the FIX protocol specification.

Getting Started With FIX-Complete:

Brook Path Partners assists buy-side and sell-side firms as well as electronic trading platforms in implementing the FIX protocol. To set up a free phone consultation on how
FIX-Complete can get you connected, contact Brook Path Partners using the contact page on this website.

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