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Home>Solutions>FIX Smart Order Router
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FIX Smart Order Router Sophisticated trading strategy engine

4

(33 ratings)
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SmartOrderRouter logo

FIX Smart Order Router

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Overview
Benefits
Features
Reviews
Overview
Benefits
Features
Reviews

Solution Overview

Smart Order Router enables the application of a sophisticated trading strategy engine to assure best execution, systematize the venue selection process and reduce execution costs. The order routing system analyzes real-time market conditions and combines them with historical data about the way securities were traded in the past. Algorithmic trading software Smart Order Router allows for the implementation of algorithmic trading strategies by easily integrating with reporting and billing systems providing high performance. It is built based on B2Bits’ FIX server FIXEdge, which is designed to be easy to install, configure,administrate and monitor trading information flows. Its extensive business layer allows for implementation of routing strategies based on different parameters and criteria. Accompanied by the Pre-Trade Risk module, Smart Order Router allows for the combination of message routing and transformation functionality with a check of pre-trade risk rules.

FIXSmartOrderRouter integration image
FIXSmartOrderRouter integration image

Benefits

High Performance

Meets trading requirements & addresses the market demand for high performance

Flexible Customization & Enrichment

Solution configuration is easy to administrate, update or extend

Professional Services Support

24/7 service & worldwide coverage

Features

Supports Standard FIX:

  • 100% FIX standard compliance

  • Supports all FIX message types

  • Support of high-precision timestamps in accordance with MiFID II requirements

  • Customizable FIX protocol with user-defined tags & message types

  • Guaranteed delivery

Highly Customizable:

  • Different modes of handling sequence number during logon and reconnect

  • Intraday logout tolerance

  • Custom logon message

  • Force sequence number reset on logon

Security:

  • Use of LDAP as an authentication service for incoming sessions

  • SSL/TLS

  • Auto-accept incoming sessions (to simplify development and testing) & auto-decline non-pre-

configured sessions

Monitoring & Administration:

  • Built-in remote monitoring & administrative interface

  • Utilizes FIX protocol and the same FIX listen port for administrative session

  • Friendly XML-based DSL for administrative instructions: easy to read, easy to extend

  • Rich monitoring and administration GUI out of the box

High Throughput/Low Latency:

  • The latest benchmarks are available here

Customer Ratings & Reviews

4

Based on 33 votes

5 stars
19
4 stars
13
3 stars
1
2 stars
0
1 star
0
5 stars
19
4 stars
13
3 stars
1
2 stars
0
1 star
0
Most recent reviews

June 26, 2021

I use FIX Smart Order Router for implementing algorithmic trading strategies. It is easy to integrate with reporting and billing systems, providing high performance. I think it is an essential tool for any trader who wants to systematize the venue selection process and have an edge over the competition.

Author: Ariella Peterson

May 7, 2020

FIX Smart Order Router is a great product that helped me save on execution costs and get better executions. The order routing system analyzes real-time market conditions and combines them with historical data about the way securities were traded in the past, which is really helpful.

Author: Madeline Kelly

October 26, 2019

The professional support provided by EPAM, along with their continuous effort to improve solution performance and intelligence, is second to none.

Author: Peter Maragos, CEO, Dash Financial

Questions & Answers

How much does this cost?

Posted on January 22, 2020 by Michael Ferrell

We run annuity models for its software. The license fee is included in the annual support, upgrade, and maintenance costs. The cost per production machine is as low as US$2,000*. We also offer licensing models with extended support, OEM licensing models, and discounts based on the number of purchased licenses. We do not charge additional fees based on the number of messages or the number of conversations. Backup, development, and test licenses can be purchased at 50% of the cost of the production license. For more details on software licensing options fill the Request Solution form.

*Price is given for "Basic package" with basic functionality and limited support.

Posted on January 24, 2020 by SolutionsHub Support

What versions of the FIX protocol does this solution support?

Posted on October 4, 2019 by Heath Lynn

All our commercial engines (Java, C++ and .NET) support FIX versions 4.0, 4.1, 4.2, 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 and FAST 1.1. As part of the support and upgrade packages owned by all our customers, we provide free upgrades to the updated version of the agreement. This ensures that your implementation keeps up with the times as new developments occur, without any additional costs.

Posted on October 7, 2019 by SolutionsHub Support

What is FIX?

Posted on September 12, 2019 by Dana L

FIX stands for Financial Information Exchange. It is an open protocol owned and maintained by the FIX protocol organization. In essence, it is a common message "language" used by brokers, fund managers and exchanges to communicate securities transactions. However, it is not a software application in itself. It only specifies the format of the message and the way to maintain the dialogue.

Posted on September 21, 2019 by SolutionsHub Support

Have a question? We are ready to help you.

license type

Integrates with

FIX

Relational Database

IBM MQ

TIBCO RV

JMS

Version

v.6.9.0

Updated on March 25, 2020

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