IFIX: A new information exchange framework for financial organizations

Abstract

Currently, Information exchanges between the organizations are significantly important. Although there is a standard Financial Information Exchange System, called as FIX, is implemented around the financial businesses, some important issues still are ignored. This paper proposes a new architecture to forward order and the financial information exchange pattern base on FIXML. This new proposed system which is a new interface of FIX System, named as IFIX. The standard FIX is applied by this paper that pointed that spreading exchange of financial information and forwards the information play an important role in broker. IFIX, a new information exchange framework of FIX, is proposed to dissolve the limitation of the current system.