FIX Protocol (FPL) announced on Wednesday that the FIX Repository is now publicly available from the FPL website at www.fixprotocol.org. The FIX Repository contains an XML representation of the FIX specification in a database-compatible format along with documentation and examples of usage.
FPL says the repository includes the entire FIX vocabulary from version 4.0 onwards in XML format, with complete enumeration values. The public release of the repository provides firms wishing to implement FIX or upgrade to later versions of the protocol with access to all required fields in an XML format, diminishing the need to manually create these values. In granting the financial services community access to this product free of charge, the industry will profit from a reduction in the resource costs and manual errors previously associated with such implementation, says the company.
"The public release of the repository will prove advantageous to the industry," says Kevin Houstoun, co-chair, FPL global technical committee, HSBC. "No longer will FIX adopters that are not members of FPL need to develop their own versions of the repository. Additionally, the buy-side, sell-side and exchange community will find upgrades to their FIX offerings easier for each release," he continues.