FIX Protocol Introduction

Description

Introduction to FIX protocol concepts
Thiago Pavesi
Quiz by Thiago Pavesi, updated more than 1 year ago
Thiago Pavesi
Created by Thiago Pavesi over 7 years ago
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Resource summary

Question 1

Question
What are the main advantages of FIX protocol
Answer
  • Open Source, Free, Vendor Independent, scalable
  • Open Source, Financial standard, Platform independent, agnostic to transport layer
  • Created by Lamoureux and Morstatt and Owned by FIX Protocol Limited (FPL
  • All of the Above

Question 2

Question
What is the version of FIX that has report capabilities to meet regulatory requirements?
Answer
  • FIX 4.2
  • FIX 4.4
  • FIX 5.0
  • FPmL

Question 3

Question
What is the open source version of a FIX engine?
Answer
  • CameronFIX
  • FIXAntenna
  • QuickFIX
  • FastFIX

Question 4

Question
What is a FIX dictionary?
Answer
  • Define and explains the objective of each FIX tag
  • Identifies all the required tags for a trade
  • Translates FIX messages to other languages
  • FIX dictionary does not exit

Question 5

Question
Can you obtain a list of instruments traded using FIX?
Answer
  • No. FIX only send orders.
  • No. Instruments are defined by TEXT files outside of FIX session.
  • Yes. It is native to the protocol.
  • Depends. The Trade venue has to support a instrument definition.

Question 6

Question
Is Tag order important in a FIX message?
Answer
  • Yes. BeginString, BodyLength and MsgType have to be in this order.
  • Yes. Start of Message and Repeating groups should always be in the same order.
  • No. Orders can have any order
  • Yes. Tags should be always in the same order.

Question 7

Question
Where does the business information is carried on the FIX message?
Answer
  • Header
  • Start of Message
  • Body
  • Trailer
  • Repeating Groups

Question 8

Question
What is start of header?
Answer
  • A Value
  • A Tag
  • A delimiter
  • A fix message composed of a series of tag=value
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