Mylette is launching FIXM, the cloud-native solution for FIX exchange connectivity

FIXM combines state-of-the-art technology to deliver uninterrupted connectivity service with consistent performance. Using easy and secure connectivity with multiple counterparties, FIXM can act in different capacities. Through automation, FIXM minimizes connectivity costs, enhances efficiency, eliminates errors and ensures process consistency. Mylette’s FIXM-users applaud its standardization, speed and reliability.

Why FIXM?

• Cost effective
• Easy migration
• Cloud native
• Supports all FIX versions
• Order routing
• High performance

Cloud-native, flexible and fully customizable:

• FIXM can be easily deployed on-premise or into the cloud and comes with a Cloud Development Kit (CDK) to accelerate cloud development by using a common programming language to model your infrastructure.
• FIXM is fully customizable based on your connectivity needs (VPN, DirectLink, etc.). Even if you have non-standard FIX tags or usage, we can analyze these exceptions for you based on your logging. They can then be customized to maintain compatibility with current settings.
• FIXM is also very suitable as an extension for users of Mylette's STIP, the advanced multi-currency system for processing securities orders.

 FIXM’s Technical highlights:

• High performance: thousands of messages per second
• Compatibility with all recent FIX versions: FIX 4.0, 4.1, 4.2, 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2
• Normalization: mapping between different FIX versions
• Validation: verify tags and values against the FIX version data dictionary
• Maintain compatibility: when migrating existing FIX connections
• Order routing: e.g. on source/destination, account, etc.
• Guaranteed delivery: no messages are lost if in case the connectivity is lost with the counter party
• Standard protocols: Standard REST API for sending messages, REST/webhooks for returning messages
• Message customization: on request
• Extensive logging: configuration based on your needs
• Reporting mode: trade copy
• Always in control: support for monitoring, metrics and alarms out of the box

Service and support by Mylette

Mylette provides both technical and consultancy support for FIXM and related internal infrastructure to facilitate trading via the FIX protocol. Mylette is ISO 27001 certified, the internationally recognized standard in the field of information security.

Would you like to know more about FIXM? Please contact us for more information.