What is FIX message format?
Can you explain what the FIX message format is and why it's important in the world of finance and cryptocurrency trading? I'm curious to know how it helps facilitate efficient and secure transactions between market participants. Additionally, what are some of the key benefits and drawbacks of using the FIX protocol? And how does it compare to other messaging protocols used in the industry?
What is the format of the fix protocol message?
Could you please elaborate on the structure and format of the fix protocol message? I'm particularly interested in understanding the various fields that comprise this message, their data types, and the order in which they are typically arranged. Additionally, I'd like to know if there are any specific rules or guidelines that govern the formatting of these messages, and if there are any common pitfalls or challenges that developers should be aware of when working with the fix protocol.