RE: [Quickfix-developers] Does QuickFix implement Message Queue mechanism to make sure all messages are delivered ?

[James C. D. <jc...@co...>]

Frank,
To answer your question regarding FIX Version adoption:
IMHO, the major liquidity providers that adopted FIX early on, namely the
ECNs, have very little incentive to move up to 4.3 or 4.4. To my
understanding, these releases addressed deficiencies in the application
messages for derivatives and fixed income products. Basically the session
level stayed the same. My guess is that Fix 4.5 will have a heavy dose of
FX. If a liquidity provider finds a deficiency in a version they have in
production they have three choices:
1) Upgrade to a newer version of FIX that addresses the short comings - very
expensive.
2) Add a custom tag to their existing implementation - keeps everyone
backwardly compatible
3) Incorporate tags from later versions of FIX into the current
implementation - easy backward compatibility

FIX 4.4 is being implemented in the fixed income world.

FIX 4.3 is a bit of an orphan.



Jim
 
James C. Downs
Connamara Systems, LLC
53 W. Jackson Blvd
Suite 1627
Chicago, IL 60604
312 - 282 - 7746
www.connamara.com

-----Original Message-----
From: qui...@li...
[mailto:qui...@li...] On Behalf Of Frank
Sent: Friday, September 03, 2004 3:36 PM
To: qui...@li...
Subject: Re: [Quickfix-developers] Does QuickFix implement Message Queue
mechanism to make sure all messages are delivered ?

QuickFIX Documentation:
http://www.quickfixengine.org/quickfix/doc/html/index.html
QuickFIX FAQ: http://www.quickfixengine.org/wikifix/index.php?QuickFixFAQ
QuickFIX Support: http://www.quickfixengine.org/services.html

Hi Joerg,

Thank you very much !

I'll try to read the source code to get thorough understanding of QuickFix.
It should be almost perfect because of the efforts of so many experts.

Message buffer and queue mechanisms are still headache for socket
programmers. I'm looking for standard solution so that I can call some
standard APIs to deal with such issues. I'm not satisfied with my code and
the existing code in my company.

It seems that many exchange/ECNs are still using FIX4.0,  some of them are
upgrading to FIX4.2, I've never heard which exchange/ECN is using FIX4.3 or
4.4. I don't understand why.  I'll search WikiFIX and try to add new
exchange/ECN to WikiFIX.

Cheers,
Frank



-------------------------------------------------------
This SF.Net email is sponsored by BEA Weblogic Workshop FREE Java Enterprise
J2EE developer tools!
Get your free copy of BEA WebLogic Workshop 8.1 today.
http://ads.osdn.com/?ad_id=5047&alloc_id=10808&op=click
_______________________________________________
Quickfix-developers mailing list
Qui...@li...
https://lists.sourceforge.net/lists/listinfo/quickfix-developers