Brokerage houses, investment banks, wealth management firms,
exchanges and clearing houses operate their systems in complex
distributed computing environments. Many of them are considering or
in the process of migrating applications and data to the cloud to
take advantage of its low cost and elasticity. Applications that
use libraries for FIX protocol communications or application
servers dedicated to FIX message routing and transformation (FIX
servers) are a critical part of those systems. In the twenty years
since FIX protocol was introduced, it has become a global standard
for electronic trade communications. Companies operate hundreds of
thousands of FIX sessions, processing millions of messages a day.
The migration of FIX connectivity to a dynamic infrastructure
requires rethinking the way the FIX layer is
constructed.
We reflected on the history of EPAM HA solutions for FIX
layer, business and technical requirements, and architecture
considerations. Read about our approach in this
white paper . Further mplementation details can be found in
the
FIX cluster in the cloud documentation.
We would appreciate your feedback sales@btobits.com .
Summary
We created a scalable New Generation Ecosystem
(NGE) to host the FIX layer, which takes advantage of the
elasticity of dynamic infrastructure. By leveraging shared storage
for preserving session states, non-stop management of FIX sessions
is achieved. Client session recovery by switching to another node
takes only seconds.
Multiple instances of each service can be run;
thus, no single point of failure exists in the system. The NGE
provides a set of APIs to collect information about platform state
and performance, set parameters, and control services. The main FIX
Layer use cases such as Order Entry Gateway, Smart Order
Router/Message Router, Market Data and Trade Capture/Drop Copy
Servers can now be implemented in NGE.
Download the white paper