MESSAGE
| DATE | 2005-01-20 |
| FROM | From: "Steve Milo"
|
| SUBJECT | Re: [hangout] FIX Protocol
|
FIX is an artificial specification created to give the impression that it is
catered to a specific industry.
Steve M
On Thu, 20 Jan 2005 12:20:19 -0500, mike hjorleifsson wrote
> Actually it works quite well..
> the heartbeat isnt a tcp heartbeat its the server fix receipient heartbeat..
> we use it a lot at one of my clients
>
> Steve Milo wrote:
>
> >I am reading the specs for this so-called protocol off of NYSE website.
> >The claim is that this 'protocol' is designed to coexist across various
> >types of networks (ie X.25, ATM, TCP/IP'). But further into the
> >documentation it states that this protocol is designed to work only with
> >TCP/IP. The purpose of this 'protocol' is to carry financial data, which is
> >obvious since the document is from NYSE. But from the looks of it FIX was
> >implemented because of the lack of technical talent in the financial
> >industry.
> >A lot of what FIX does seems to duplicate what TCP/IP does things like
> >'heartbeat'(TCP/IP's keep-alive'), messages (messages), message resends.
> >FIX seems to have been created to make up for top-heavy applications at user
> >sites and the lack of sound technical insight at the programmatic level.
> >I am very disappointed in Wall Street, I was expecting better technical
> >integrity from that sector. The more I read about FIX the more it is clear
> >that there are a lot of morons on Wall Street.
> >
> >Steve M
> >
> >
> >
>
> --
> =======================
> Mike Hjorleifsson
> 1110 South Ave
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