re: FIXML where does one start
John Greenan / Alignment Systems
16 Sep 2003 11:14AM ET
Chris,
Based on the "keep it simple" idea I propose that you need to investigate the use of FIXML 4.3.
My reasoning is this:
FIX 4.2 does not fully support FIXML
No version before 4.2 does at all.
FIXML 4.4 is more complex (more functionality)
So, that leaves 4.3...
The documentation is on the specifications page on this website and this discussion group.
With regard to other standards, you'll probably need to have three:
1. Message format
You've picked FIXML X.Z
2. Message transport
Since you are not using a FIX session layer you need to get the messages from "here" to "there". Most non-FIX session based implementations use a store & forward message layer such as MSMQ, IBM MQ Series, TIB R/V and so on.
3. Message flow logic
You still need to have flow logic and valid order state transitions. You are best using the logic from the same version of FIX.
But, bear in mind that so much of FIX and FIXML is about the specifics of the implementation of your counterparties.
For your information, the CME is implementing a FIXML over IBM MQ Series interface and at least one London based company is implementing FIXML over MSMQ.
Regards,
John
> My company is just getting started and I was wondering which FIXML standard should I start with and where can I get the documentation standards for each release? Are there any other standards that I should look at besides FIXML?
>
> We as a company want to keep things as simple as possible to start.
>
> Thanks in advance
>
