Financial Information eXchange (FIX)

This document describes the Financial Information eXchange (FIX) interface for trading equities with DriveWealth, LLC using Version 4.2 of the FIX Protocol Specification. It specifies the subset of the FIX messages and fields supported by the interface.

It is intended to be read in conjunction with the core FIX protocol and family of messaging specification standards that are maintained by the FIX Trading Communityβ„’ - an independent non-profit, industry-driven standards body.

What is Financial Information eXchange (FIX)?

The Financial Information eXchange (FIX) protocol is an open electronic communications standard. It is designed to standardize and streamline electronic communications in the financial services industry supporting multiple formats and types of communications between financial entities supporting order advertisements, order submissions, order amendments, order status and trade execution reporting, and trade allocation.

FIX Interface supports trade capability that allows partners to send new orders (NOS), cancel open orders (CXL), place resting orders, and receive execution reports.

Note: When streaming market data, price updates will be sent until the client disconnects.

πŸ“˜

New Order Single (NOS)

A new order message type is used by institutions wishing to electronically submit securities and forex orders to a broker for execution.

πŸ“˜

Cancel Open Orders (CXL)

A canceled order is a previously submitted order to buy or sell a security that gets canceled before it executes on an exchange.

πŸ“˜

Resting Order Status

The Resting Order is an order placed with a condition or qualifier but not yet executed.

πŸ“˜

Receive Execution Reports

The Execution Report message is used to respond to a successful order request, a fill, or an unsolicited order change.


Did this page help you?