QuickFIX creators honored with awards from FIX Trading Community

The FIX Trading Community standards group honored with awards the QuickFIX creators from Connamara Systems and Thoughtworks for their roles in establishing the QuickFIX Open Source Project.The Financial Information eXchange (“FIX”) Protocol was developed in 1992 as a result of collaboration by select participants from worldwide banks, broker-dealers, exchanges, industry associations, institutional investors, and information technology providers. It is currently used in over 150 countries as the primary protocol for electronic trading.

While the FIX specification is open and free (supported by the efforts of the FIX Protocol Organization — www.fixtrading.org), implementing FIX requires investing in a reputable FIX engine, which can mean the difference between a start-and-stop experience and a positive, seamless solution Launched in 2002, QuickFIX was the industry’s first open source FIX engine, and provides free FIX protocol connectivity to market participants. QuickFIX quickly became a “standard within a standard,” according to the statement, and was a key driver in the growth and adoption rates of the FIX Protocol.

QuickFIX was created by Oren Miller of Thoughtworks and Jim Downs of Connamara systems, officials say.

The contribution to the industry by Downs, Miller, and Dan Goodwin, the project sponsor, “cannot be understated,” Nouthey adds. “It was a critical success factor for the FIX standard and it is one of the most successful open source projects ever.”

As a long-term member of FIX Trading Community, ETNA Team is excited for the success of colleagues and appreciates its contribution to the industry. Here’s to innovation! 🙂