Credit Suisse Securities first to FIX Russian exchange
17 August 2011 Moscow
Image: Shutterstock
Credit Suisse Securities (Moscow) has completed a project to connect to trading on the Micex stock exchange using the protocol FIX. It is the first client of the exchange using this technology in commercial operations.
“We are very pleased that Credit Suisse Securities, one of the largest and oldest market players, has opted for this modern technology,” wrote Micex.
FIX is widely used as a single integration protocol in the exchange of financial data and execution of transactions. The Russian exchange's bespoke product ensures the reception of clients’ trading applications "Enter order" and "Withdraw order" and their delivery to the MICEX trading system, as well as the provision of information to clients about their earlier transactions and the current status of their orders.
“We are very pleased that Credit Suisse Securities, one of the largest and oldest market players, has opted for this modern technology,” wrote Micex.
FIX is widely used as a single integration protocol in the exchange of financial data and execution of transactions. The Russian exchange's bespoke product ensures the reception of clients’ trading applications "Enter order" and "Withdraw order" and their delivery to the MICEX trading system, as well as the provision of information to clients about their earlier transactions and the current status of their orders.
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