PROPRIETARY BINARY API
FMX UST is a leading, electronic platform that is transforming the way US Treasuries are traded.
BOP
- 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.
BIMP
- Real time market data is available through the FMX 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
FIX Protocol Overview
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STP
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Drop Copy
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fix protocol overview
- The FMX UST 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.
Straight-Through-Processing
- 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.
Drop Copy
- 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
proprietary gui
ORDER
ENTRY
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Market
Data
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Order & Trade Blotter
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Safeguards
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ENTRY
ORDER ENTRY
- Execute orders in Price Increments of 1/16 of a 32nd
- Fully Anonymous
- Place resting orders into the FMX UST Markets
- Aggress resting orders in the FMX UST Markets
Data
Market Data
- 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
Safeguards
- 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
Instrument Data
INSTRUMENT REFERENCE DATA
DAILY SETTLEMENT DATA
