FIX protocol (explained by a quant developer)

In this video I go over the backbone of electronic trading, that being the FIX Protocol.
CME Tag Library: www.cmegroup.c...
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[@earlcharles6306]

Please keep up the great work, this is a somewhat niche field and finding information to dive deeper can be challenging. We appreciate it

[@CodingJesus]

Thanks for the encouragement. All the videos online about this field aren't great. Please share if you enjoyed!

[@mattatm3227]

@@CodingJesus absolutely most of the coding videos aren't great! Thank you 😊

[@MrAvatar180]

This stuff has confused me for months at work and you put me on the road to truly understanding it in under 20 minutes. Much appreciated and keep up the good work!

[@santmat007]

Yes... Now every time I interface with FIX data... I always say... Thank You Jesus... :O)

[@nickhansen3292]

This is awesome - just about to implement a FIX API and this is a great way to get up to speed.

[@CodingJesus]

Wait till I go over the Simple Binary Encoding (SBE) Protocol. That's the next-generation of trading communication.

[@chicksdiggit9239]

You are a really good communicator

[@CodingJesus]

Thanks 😊👍

[@dariusrichardson4554]

Super excited that someone is making finance videos that go beyond the basics. Keep rocking!

[@ChainOfCommand12]

I started my first job out of school as a developer for a big financial firm and this was VERY HELPFUL! Thank you brother.

[@kenharjuna1405]

can you help me where to start? iam using nodejs, thank you

[@Ali-T-Music]

This is by far the best FIX video in KZbin.

[@andyohil7465]

To explain FIX protocol in such a short way, it’s very insane… I am thrilled 😁

[@biomedicalit]

Thank you. First time somebody explains me what is FIX and how it is working 🙂

[@BestMentalism]

this is super interesting and so well explained, never found such quality content about these subjects, thank you so much

[@guibirow]

Nice content, thanks for sharing! I came here curious to understand the communication process from the UI up to the Fix communication with the Exchange, would nice to have a video describing the architecture of a trading solution. Thanks again for the great content

[@coderide]

Very very informative video, I was starting with the FIX protocol in my org, it was a really nice introduction in brief to understand about FIX, Thank you so much

[@sumitagrawal771]

ohh Jesus .....you made my day... Exactly what am i looking for. Thanks Coding Jesus. I request u to make more videos on FIX. love from India

[@daymaker_trading]

Thank you so much! Incredibly clear and engaging explaination. All the best!

[@dylanloh5327]

Your explanation was so simpler and clear! Thank you!

[@mauroaraujo1983]

What a Brilhant Explication !!! Really Good Job Coding Jesus I Really apreciated I helped me a lot

[@jaimecristalino]

Best video about FIX on in the Internet!

[@Laz0r_packets]

You're close to infecting the youtube algos. Thats how I found you.

[@CodingJesus]

Next video will.

[@RomeniqueZedeck]

Great content! Thanks for taking your time to share

[@georgel551]

Very helpful. Thank you Coding Jesus!

[@dmytroprokopenko1472]

quality content, keep going!

[@CodingJesus]

Thanks, will do!

[@xxMikePortnoyJrxx]

Dude your videos are amazing

[@CodingJesus]

Thanks! Please share if you enjoy. The better the video does the more likely I am to make another.

[@xxMikePortnoyJrxx]

@@CodingJesus Yeah man I would if I had any friends that were even remotely interested in this kind of stuff

[@todorgrigorov8408]

Real Jesus! Голям си! Thank you!

[@rayeintheyard]

I heard 372 aka 762 🙂 Great video all together. Very clear explanation.

[@surajkukreja5338]

Really liked your videos, can you please also make a videos on front to back components involved in trading infrastructure, like exchange connectivity, market data feeds, trading engine, risk management system, etc. and flow of data between them.

[@Nikita-uv7zk]

This was very useful, thank you for the explanation

[@DinoFancellu]

Really nice intro to FIX, thanks

[@lollemur4289]

underrated video , thanks alot man

[@rickneibauer1]

Dude. Thank you so much for your content.

[@eugenex8892]

Thanks for basic description.

[@beniashurov6429]

I JUST WANT TO TAKE THE TIME AND THANK YOU FROM THE BOTTOM OF MY HEART SO HELP YOU GOD

[@simiyutube]

Thanks Coding Jesus. Well explained.

[@dbsjaks_56888]

your videos are very interesting, I see you're focusing in people who have maybe a MBA in Bussines Management or doesn´t have degree education. That´s wise because in KZbin you´re not gonna find a lot of PhD´s, but would be very very interesting if you would make(maybe in another channel or in this one, but differentiated, to engineers or sciencist that want to break down int this world) tutorials of algorithms or coding, in summary, to make videos of what you do in your job, instead explaining what you do in your job(got to say just explaining is also useful)

[@anexis6579]

good explanation, well done mate

[@bigthings1818]

Love the videos makes me want to learn to code

[@FIXProtocol]

Keep in mind that the fix protocol is only one protocol. There are many other protocols used for electronic Trading. In fact interest in the fix protocol has declined a lot in the Years. Many banks are now using binary protocols

[@CodingJesus]

Yeah I’ll make a video on SBE Protocol later.

[@FIXProtocol]

@@CodingJesus nice!

[@Naveen_B64]

Seems similar to EDI used in Automotive industry to transmit information.. Maps are used on both sides to interpret messages.

[@gsf4lyf]

Really insightful, thanks!

[@zoasis7805]

Hi Coding Jesus, nice video. Thanks, Viewer.

[@patrickhughes1322]

Excellent video! Learned a lot!

[@supriyamishra1886]

thank you so much , it was really clear and concise content .

[@thirilwin9609]

Thanks . it is quite useful for me

[@sreepriyanks]

grate video, i got an idea abot FIX, even a new boy in this era

[@victorq5309]

Is like a hashmap key value pair, the keys are integers.

[@terryorange]

Nice tutorial, thank you so much!

[@sanujatharinda6525]

This is awesome. Please keep it up....

[@enrgys_world]

bro this is fricken awesome

[@vishalathawale183]

Great stuff man

[@IK-ow2zk]

Thanks a lot for the video! You channel is brilliant! Could you, please, recommend books about network programming/ protocols?

[@richardparker5425]

Do market makers see your stop loss orders?

[@vagabond_trader]

So how does FIX relate to how TCP is used (as in your video about the CME strategy that was patented that cheesed the exchange using front loading)

[@pramodkajla]

Please update the link in description. Current one is not working.

[@fminc]

Nicely done.

[@supermanish4429]

can we get any tutorial regarding this, idk anything about it but i'm assign the task to debug someone else's code and it's killing me

[@21Million]

Excellent, thanks. Is there an example anywhere of a FIX Unit test in C# or Java, or Python?

[@VincentDBlair]

Great stuff!

[@sirrobinhood3409]

Great Video! Very clear and defined Thanks a lot! I initially started to look at FIX because I wanted to auto trade based on NASDAQ Level 2 quotes/book orders Still trying to find the right API to get that info. Any thoughts on that or the strategy in general are greatly appreciated :)

[@fs7128]

Tags 623/etc. are doubled in your example file?

[@travelsome]

How can people using broker api benift from such protocol

[@zheruili1639]

I love your video bro, a Fan from China, Beijing;

[@CodingJesus]

Thank you very much!

[@bitcode_]

Hello CJ, kindly requesting a video of how it is developed, is it in a code editor? IDE? a specific framework? any way we can see the development environment of the Fix protocol?

[@KrisimosStokhastikos]

I'm new to high speed trading but am coming into it from a software engineering standpoint. Any recommendations for materials I can consume to learn all of these foreign terms you're using? (i.e. securities, etc.)

[@supernova6840]

you are a legenddddd

[@petersax7305]

Excellent video. Thank you for explaining. I do have a question: In your opinion, should matching engines code be open source? Maybe open source is the wrong term but what I want to say is available for the public to be reviewed, also not sure how one could assure that what is actually running in the engine is identical with the code presented to the public. I am asking because I believe that a lot of cheating is going on in that part of an exchange. I would love to hear your opinion on that.

[@CodingJesus]

No cheating

[@patrickparrain7999]

FIX protocol is a cryptocurrency?? Where can I buy it?

[@kenharjuna1405]

hy, can anyone help where to start to implement this in nodejs? im clueless, thanks!!

[@compilerdefiler3995]

Cool now i can make my own centralized exchange, easy peasy lemon squeezy. Do any hft firms trade cryptocurrencies or is the volume too low?

[@CodingJesus]

They trade that

[@BennyAshurov]

whats the differences between cme and fix protocol???

[@Michael-Cross03]

CME is the Chicago Mercantile Exchange. It's one of the many exchanges out there. FIX is Financial Information Exchange, which is a protocol used for trading.

[@fs7128]

why is tag 52 only with milisecond-precission, if all the quant/HFT guys talk about mikroseconds, even nanoseconds nowadays?

[@CodingJesus]

Nobody uses iLink2 anymore. This video is years old, brother.

[@gempf]

thanks, I'm starting with this bad boy in GO, what lenguaje do you use for FIX?

[@tioconejo4817]

somewhat old school isn't ? fix been around since the 90s. slow to encode and decode to ASCII.

[@CodingJesus]

Yeah. I’ll do a video on iLink3

[@ControlTheGuh]

With all your pca and clustering, my boys at wsb were 1 second away to make you unemployed during january. You are just the IT guy for the people with the ideas

[@varunvishnoi3741]

This is awesome - Coding jesus I wanna write a POC application interacting with FIX engine another side just to gain depth knowledge. Are you aware of any publicly available FIX engine which can be connected via another application? Something like which can provide me market data like security information?

[@asiddiqi123]

Quick fix

[@realityhedge4229]

Bro do you setup session layer for liquidity access

[@orderflowdojo]

🔥🤟

[@asiddiqi123]

Pretty good info. I want to learn about quant. Could you make more videos in playlists? I am a python programmer.

[@VOLightPortal]

FIX API is still pretty slow, ITCH and OUCH protocol is more efficient

[@realityhedge4229]

King

[@treyquattro]

12:17 - reading 762 as "three seventy two" is a bit worrying for a finance guy. Also I hope you're not using text protocols for HFT

[@CodingJesus]

LOL I filmed this part like 5 times, my brain was mush. And yeah, HFT uses SBE or other binary protocols. FIX is old.

[@gauravagarwal750]

woah!

[@fs7128]

well, obviously, FIX is a sibbling of SWIFT MT messages 🙂

[@ahmedib2102]

Hello

[@nolan6895]

pls FIX, thx

[@reanimatedmanx]

The FIX protocol is not complicated, it's just fucking convoluted, unintuitive legacy trash. Great explanation though.

[@HuiZhang-rd4kl]

who is the one that knows "decoding" but intimidated by "parsing"? LoL

[@letsdogooddaily]

You look like people of Iran / Pakistan

[@eyesopen6110]

FIX is boring zzz

[@MDALAM-xh9vh]

How to establish trading sessionusing quickfix c++? I have build my quickfix C++ source code with the SSL support using below command. My quickfix library got build successfully. On Linux (with system openssl), cmake -DCMAKE_BUILD_TYPE=RelWithDebInfo -DHAVE_SSL=ON -DCMAKE_INSTALL_PREFIX:PATH="install-path" .. make -j 4 install This is my Initiator code - if (isSSL.compare("SSL") == 0) initiator = new FIX::ThreadedSSLSocketInitiator ( application, storeFactory, settings, logFactory ); else initiator = new FIX::SocketInitiator( application, storeFactory, settings, logFactory ); But while running this getting linking issue. What is the problem ? CMakeFiles/TradingClient.dir/tradeclient.cpp.o: In function `main': /mnt/d/TradingClient/tradeclient.cpp:47: undefined reference to `FIX::ThreadedSSLSocketInitiator::ThreadedSSLSocketInitiator(FIX::Application&, FIX::MessageStoreFactory&, FIX::SessionSettings const&, FIX::LogFactory&)' collect2: error: ld returned 1 exit status This my CMakeLists.txt cmake_minimum_required(VERSION 3.0) project(TradingClient) add_definitions(-DHAVE_SSL=1) set(CMAKE_CXX_STANDARD 14) set(quickfix_lib "/usr/lib/libquickfix.so") add_executable(TradingClient Application.h Application.cpp tradeclient.cpp) target_link_libraries(TradingClient ${quickfix_lib} ) if you go inside quickfix/src/C++/CMakeLists.txt if (HAVE_SSL) set (quickfix_SOURCES ${quickfix_SOURCES} SSLSocketAcceptor.cpp SSLSocketConnection.cpp SSLSocketInitiator.cpp ThreadedSSLSocketAcceptor.cpp ThreadedSSLSocketConnection.cpp ThreadedSSLSocketInitiator.cpp UtilitySSL.cpp) endif() these files get build only with SSL . It means my quickfix library is correctly build because object files for these files got generated. Although object files gets generated as part of library, still getting this linking issue that its not able to find the reference for these methods ThreadedSSLSocketInitiator()