Global Exchange Connectivity

The need and challenge

Over past few decades, electronic trading has enjoyed a rising popularity in different parts of the world. Many financial exchanges have emerged to promote and advance the trading business using their own set of proprietary specifications for high-speed electronic trading. These specifications typically include exchange connectivity specifications, supported asset classes, set of rules for conducting trading sessions, set of rules for pre and post trade tasks, format for data exchange etc.

The rise of different networking protocols proved a boon for the trading business. Traders could easily connect to any machine all over the world over the high-speed internet or through a dedicated direct connection and expand the scope of their business. However, this boon resulted in an unforeseen challenge - the challenge of achieving seamless global connectivity and streamlining the trading process in order to avail of business opportunities in different asset classes at different exchanges all over the world. The complexity of this challenge increases several times due to widely differing exchange dependent interfacing specifications and trading rules.

A good global connectivity solution should offer flexibility in the choice of network connection media and an ability to merge with any order generating application. It should provide direct market access to exchanges with an easy order entry interface and a low latency order routing mechanism. A global connectivity solution also needs to provide a highly efficient and streamlined order processing mechanism compliant with different exchange dependent message formats. In addition, with growing globalization, it should have the robustness, speed and scalability to process the huge market data feeds from different exchanges concurrently.

The Connectivity Unlimited approach

At FFS, we have successfully met every aspect of the challenge of global exchange connectivity with our state-of-the-art “Connectivity Unlimited” approach and by leveraging the FIX Protocol. The FIX Protocol is an open standard and a network independent communication protocol for the exchange of pre-trade, trade and post-trade messages. It has become an industry standard with its growing acceptance in all parts of the world.

Our global exchange connectivity solutions can easily integrate with the old as well as new generation trading applications and seamlessly extend them to any electronic trading exchange. These solutions provide many efficient and flexible mechanisms for the order entry, order processing and order routing with low latency market dissemination and increased throughput.

We provide highly customizable user interfaces for order entry, which help you in viewing market trends and data in the real-time, placing orders of different types and track them through different stages of processing. The FIX Protocol powered order processing core helps to neutralize different data formats of different exchanges. This facilitates the concurrent and instant processing of multi-exchange data and placing of orders at selected profitable scenarios, using the organization specific business logic and Algorithmic Trading strategies. The exchange dependent trading interfaces enable seamless routing of messages in the exchange specified formats and as per the exchange specified trading session conduct rules. These trading interfaces ensure fast and secure message exchange over different networks.

By deploying separate trading interfaces for each exchange, we can help you to extend your existing trading system to an unlimited number of exchanges all over the world and achieve a truly global connectivity. We have successfully established connectivity with leading exchanges like CME, CBOT and Eurex. We can help you connect to any other exchange as well and build a high-performance trading solution to deal with asset classes that are of interest to you.

The benefits we offer

Our global exchange connectivity solutions enable global real-time electronic trading via FIX. We provide niche end-to-end solutions for low latency trading and with a clear focus on eliminating costs and complexities associated with the development and maintenance of connectivity and market information infrastructure. Market data feeds show a continuous trend of increased speed, size and fragmentation as well. With growing business, you need to process more data. Our comprehensive suite of products and services provide the robustness and scalability for meeting any of such dynamic needs.