Sydney, Tokyo, 13 February, 2014 – Fix8 Market Technologies Pty Ltd (Fix8MT), FIXNOX and MultiWave Co., Ltd. today jointly announced the founding of a partnership around Fix8, the fastest open source C++ FIX (Financial Information Exchange) Protocol Framework. This partnership aims to create a global community for this new generation open source FIX Framework and the three firms will jointly work to promote and support Fix8 globally.
David Dight, CEO of Fix8 Market Technologies, stated “I am encouraged to have new partners to support Fix8 initiatives. FIXNOX and MultiWave have a very similar culture to Fix8, one in which we all value transparency, fairness and a spirit of partnership. Together I believe we can build a new FIX community where everybody benefits through mutual contribution.”
Commenting on the announcement of this tri-party partnership, Irfan Syed, Principal at FIXNOX said: “As FIX Protocol’s use in becoming widespread, especially with its support for new asset classes and post-trade functions, there was large gap in marketplace for an open source, low latency and well-supported FIX Framework. Fix8 hit the sweet spot with its recent release of 1.0 GA version, which is backed by solid technology foundation and aggressive product roadmap. Seeing the passion of David and rest of the Fix8 development team, FIXNOX couldn’t resist but to be part of the future.”
Kotaro Kondo, CEO of MultiWave, commented “We are seeing growing interests for open source FIX Framework in Japan and other Asia Pacific regions and we had been looking for solid and well-supported open source software in the market. When we encountered Fix8, we knew this is it. We are excited to be the official partner for Fix8 in Japan.”
About Fix8 Open source FIX Framework
Fix8 is a community supported open source FIX framework. It is popular among low-latency FIX users. According to the official benchmark result, Fix8’s average encoding/decoding speed is 2.1/3.2 μs/msg (microseconds/msg). Fix8 supports all widely used FIX versions - 4.X to 5.X - as well as FIXT1.X. Custom FIX variants are also easily supported and multiple FIX variants can be used in the same application. Fix8 runs on Linux, OSX and Windows and supports IA32, x86-64, Itanium, PowerPC and ARMv7 architectures.
The Fix8 project is backed by extensive product documentation, FAQ, issue reporting and tracking system (JIRA) and Wiki guides. The project’s discussion forums provide a platform for community support and are actively monitored by the product developers and power users.
Fix8 is a member of FIX Trading Community, formerly FIX Protocol Limited (FPL). FTC is the non-profit industry association responsible for defining, managing and promoting increased usage of FIX as an enabler for electronic trading.
About Fix8 Market Technologies
Fix8 Market Technologies (Fix8MT) develops and maintains the Fix8 open source Framework, and has developers in Australia, China and the Russian Federation. Fix8MT is responsible for providing and managing additional support and consultancy services, and works closely with the Fix8 open source community to grow commercial support services through 3rd party ISVs.
FIXNOX designs and implements world-class FIX Protocol messaging systems, infrastructure, and operations for its clients around the globe. Founded in 2012 with a mission to support standards-compliant and low latency FIX implementations, FIXNOX is also involved in various projects to bring next-generation FIX products to marketplace.
MultiWave develops and maintains sophisticated trading / market data solutions for Japanese retail & institutional customers and gets frequently involved in FIX Protocol implementations and consulting work. MultiWave also has operations in Papua New Guinea since 2011 via its subsidiary, MultiWave PNG, which provides IT solutions to government, educational and business customers in the local market.