Brook Path Partners, Inc. FIX Protocol Training

FIX Protocol Training

"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 and the Trade Lifecycle

Training course covers the use of FIX throughout the trade lifecycle and highlights differences between versions and migration issues.

Overview:

FIX and the Trade Lifecycle is a two day course that can be customized for managers, developers, sales and/or support people who work with systems that use the FIX protocol.

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

FIX and the Trade Lifecycle is relevant for people who work with order management systems, trading platforms, order routing systems or other applications that either implement the FIX protocol directly or rely on a FIX interface to communicate information.

The FIX and the Trade Lifecycle Course Outline:

(the outline can vary depending upon customer requirements)

Day 1

The Trading Value Chain
An overview that discusses the markets and participants. Topics covered include both primary and secondary market activities.
History of the FIX Protocol
A review of the evolution and development of the FIX Protocol.
FIX 4.2/4.4 and the Trade Lifecycle
Discussion of where specific FIX messages fit into pre-trade, trade, and post-trade activities.
FIX 4.2 and 4.4 Comparison
Differences between message types and asset support are presented along with migration issues.
FIXML Schema
A high level overview of the FIXML Schema architecture.
Implementing FIX
An introduction to both business and technical issues that should be considered when implementing FIX.
FIX Engines
Available choices from leading vendors are presented along with open source alternatives.

Day 2

Session Versus Application Messages
The functionality provided by the different layers of the FIX protocol is reviewed.
How FIX is used to facilitate the electronic trade lifecycle
Current market practices are presented showing how FIX is used in today's enviroment.
The IOI to Order/Execution Report Dialog
A detailed look at pre-trade and trade message exchange.
The Allocation and Confirmation Dialog
A detailed look at post-trade message exchange.
The New Negotiation Dialog
A detailed look at the negotiation dialogue in FIX 4.4 and how it can be used for different asset types including fixed income and foreign exchange.
Supporting Multiple Versions of FIX
Implementation and support considerations are addressed.
Testing and Certification
Testing strategies are discussed together with an overview of the FPL Fixed Income Certification Program

Courses presented at your site:

For more details and pricing information about on-site courses contact Brook Path Partners using the contact page on this website.

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