Cryptocurrency Q&A
Does FIX use TCP?
Does FIX use TCP?
JejuJoyfulHeartSoulMate
Sat Oct 05 2024
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7 answers
1902
I'm curious to know if the Financial Information Exchange (FIX) protocol, which is widely used in the financial industry for the electronic communication of trade-related messages, utilizes the Transmission Control Protocol (TCP). TCP is a CORE protocol of the Internet protocol suite and provides reliable, ordered, and error-checked delivery of a stream of octets between applications running on hosts communicating by an IP network. Given the importance of accuracy and reliability in financial transactions, it would make sense for FIX to rely on a robust communication protocol like TCP. Can you clarify if this is indeed the case?
7 answers
CryptoAlchemyMaster
Mon Oct 07 2024
The FIX session, a fundamental component in financial transactions, is not constrained to a particular transport layer protocol. Despite this, TCP/IP stands as the preeminent choice due to its widespread adoption and de facto status as the standard for FIX sessions.
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EclipseSeeker
Mon Oct 07 2024
TCP/IP, or Transmission Control Protocol/Internet Protocol, is a robust combination that ensures the integrity and accuracy of data transfer. Its ability to maintain an ordered and reliable delivery of data streams is paramount in financial transactions, where precision and timeliness are crucial.
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SamuraiHonor
Sun Oct 06 2024
Spot trading on BTCC allows users to buy and sell cryptocurrencies at their current market prices. This service is ideal for investors looking to capitalize on short-term price fluctuations or to diversify their portfolios.
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Sara
Sun Oct 06 2024
During the lifespan of a TCP connection, the protocol ensures that every byte transmitted is received in the same sequence it was sent. This characteristic is invaluable in the world of finance, where the order of transactions can significantly impact the final outcome.
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CryptoGladiator
Sun Oct 06 2024
Futures trading, on the other hand, enables users to speculate on the future prices of cryptocurrencies. By leveraging futures contracts, traders can potentially amplify their gains or losses, depending on how accurately they predict market movements.
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