Object+ Universal FIX Gateway Overview (1)
Object+ Universal FIX Gateway Overview (1)
Trading access to the world exchanges is increasing and so are the costs of getting connected. Each exchange has its own interface. Banks, brokers, dealers, clearing members and software vendors that need to connect to exchanges around the globe are facing the same problems:
•A diversity of exchange interfaces
•A variety of upgrade schedules
•Unforeseen maintenance
•Adding new functionalities
•Lack of standardization
All leading to high, difficult-to-manage IT costs and a heavy burden on valuable resources.
The Universal FIX Gateway has been especially developed to control your development and maintenance costs by offering standardization in connectivity. Thanks to the Universal FIX Gateway it is no longer necessary to waste time and money on getting to know the exchange interface specifications. Object+ offers one plug to the world wide exchanges, simple and cost effective, allowing you to achieve more turnover in less time.
The basic concept of the Universal FIX Gateway consists of mapping the business models of the different electronic trading systems onto one universal business model. Therefore, in-house applications need not be aware of the specifics of each electronic trading system. The universal business model can handle any functionality offered by an exchange, broker or data vendor.
Conclusion: You concentrate on your core business; we facilitate the communication with your markets.