FIX protocol systems enable securities trading houses to transfer information regarding securities trades, and supports users to make more accurate and timely trade decisions.
Saxo Bank will use Fix8Pro software as part of “a new high performance market connectivity engine”, Fix8 said.
Saxo Bank chief technology officer Michael Andre said the software provided a “lightweight turnkey fix engine as a component that we could integrate easily into our framework and solution”.
“Fix8Pro has allowed us quicker time to market while retaining flexibility and execution speed close to a home- built solution but without the sacrifices involved in more heavy-handed frameworks,” Mr Andre said.
Fix8 chief executive David Dight said Fix8Pro used “self-generating code and intelligent capabilities” to support FIX connections, reduce latency and improve reporting to both the firm and their clients.
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