PROPRIETARY BINARY API
Fenics UST is a leading, electronic platform that is transforming the way US Treasuries are traded.
- Our proprietary Binary Order Protocol is designed to offer the highest levels of performance.
- Our BOP protocol is a proprietary message format that is transmitted over a standard TCP network connection.
- Real time market data is available through the Fenics UST Binary Protocol (“BIMP”) which is delivered via Multicast Feed
- Our BIMP market data is designed to offer the highest levels of performance for customers that require the most accurate and timely market data.
FIX Protocol OverviewSTPDrop Copy
fix protocol overview
- The Fenics USTreasuries trading platform is designed to support a number of different trading venues that support one or more trading protocols.
- Each trading venue is designed to contain one or more separate instruments.
- The interface is a point-to-point service based on industry standards TCP/IP and the FIX Protocol.
- Application event models and messages are based on version 4.4 of the FIX Protocol with tags borrowed from FIX 5.0 where appropriate.
- A subscription-based trade capture report containing enriched calculations with the ability to represent an aggregation across fills and average pricing.
- Contains settlement information; fees, final prices, commissions, counterparty (where required) etc.
- A subscription-based execution report which supports the electronic delivery of all trading and order activity
- Includes Orders entered by GUI, FIX feeds and BOP feeds
DataOrder & Trade BlotterSafeguards
- Execute orders in Price Increments of 1/16 of a 32nd
- Fully Anonymous
- Place resting orders into the Fenics UST Markets
- Aggress resting orders in the Fenics UST Markets
- View market data in price increments of 1/16 of a 32nd
- View a depth of 10 price levels on the GUI’s Central Limit Order Book
Order & Trade Blotter
- Order Blotter – Shows Open orders
- Trade Blotter – Shows Executed orders
- Utilizes user-level IP address authentication
- Self-Match Prevention
- Price Reasonability Check
- Duplicate Order Check
- Max Messaging Usage Rate
- Bid/Offer Spread Deviation Check
- Fat Finger Limits
Fenics UST is the optimal solution for: