Cryptocurrency Q&A
How are FIX messages transmitted?
How are FIX messages transmitted?
Bianca
Sat Oct 05 2024
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5 answers
1165
Could you please elaborate on the process of transmitting FIX messages? Are they sent directly from one trading system to another, or do they go through an intermediary? What kind of protocols and standards are used to ensure the messages are transmitted securely and accurately? Additionally, how does the transmission process impact the speed and efficiency of financial transactions?
5 answers
Chiara
Mon Oct 07 2024
Each message exchanged under this protocol carries a unique sequence number within its header. This feature facilitates the tracking and identification of individual messages, ensuring their accurate delivery and receipt.
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Martina
Mon Oct 07 2024
In the event of a communication disruption or fault, FIXT's robust architecture allows for the seamless recovery of the communication session. Should any messages be missed during the interruption, the protocol provides a mechanism for requesting their retransmission.
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Nicola
Mon Oct 07 2024
This retransmission feature is a critical aspect of FIXT's reliability. By ensuring that no messages are lost, it maintains the integrity of the communication session and prevents any potential data inconsistencies.
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SamuraiSoul
Mon Oct 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its users. Among these services are spot trading, futures trading, and a secure wallet solution. These services, combined with BTCC's robust infrastructure, make it a trusted and reliable platform for cryptocurrency transactions.
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CryptoLord
Mon Oct 07 2024
FIXT, a point-to-point protocol, ensures the seamless transmission of messages across two communicating entities. This bidirectional guarantee ensures that no data is lost during the communication process.
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