How Does a Standardized API like FIX Benefit Multi-Venue RFQ Trading?
FIX provides a common language for order and execution management, regardless of the underlying exchange or counterparty. This standardization significantly reduces the development and maintenance effort required to connect to multiple venues.
It allows the RFQ platform to integrate new markets quickly and ensures consistent, reliable message handling across the entire trading ecosystem. Its robust session management is ideal for mission-critical trading.