Bitfinex, a top digital asset trading exchange, and Connamara, a provider of matching engine technology forConnamara startups and frontier exchanges, have today announced the release of a FIX (Financial Information eXchange) digital asset gateway.
The two teams have come together to deliver an open-source, robust, high-performance solution for professional traders wishing to enter the digital asset markets. With the successful deployment of the FIX gateway, Connamara and Bitfinex provide improved access to digital asset liquidity for brokers, institutions, and professional traders around the world.
Created in the early 1990s, Financial Information eXchange (FIX) is an industry standard electronic communications protocol that facilitates data transfer between financial institutions. As a non-proprietary protocol, FIX is a common language spoken by many existing institutional client systems and frameworks.
Using standard messages supported by a FIX gateway, the time and effort required by institutional traders to connect to Bitfinex or any other digital asset liquidity provider, is greatly reduced. Bitfinex employed the capital markets expertise of Connamara Systems, a proven expert in FIX protocol, to assist with the design and development of the technology.
[perfectpullquote align=”full” bordertop=”false” cite=”Paolo Ardoino, Bitfinex CTO” link=”” color=”” class=”” size=””]“We are proud to be able to provide next-level access to global cryptocurrency markets. Through this collaboration, we aim to combine Connamara’s financial technology expertise with our experience to improve the efficiency of digital asset markets and allow for streamlined access to cryptocurrency trading.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Daniel Curry, Head of Business Development at Connamara” link=”” color=”” class=”” size=””]“It has been a pleasure to work with Bitfinex on this project. They have been a pioneering firm in the digital asset markets since 2012 and it is exciting to collaborate with them as they lead the way in the adoption of the FIX protocol for their rapidly growing industry.”[/perfectpullquote]
The construction of the FIX gateway is entirely open-source, transparent, and available for the greater community to contribute to. Institutions interested in testing out the FIX gateway, whether traditional or digital-asset focused, can contact firstname.lastname@example.org to learn more. The FIX gateway documentation is available on GitHub.