List of electronic trading protocols

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Communications on electronic trading platforms are based on a list of well-defined protocols.

Contents

Although FIX protocol has grown significant market share, the exchange specific protocols (also called "Native" interfaces) have found a strong backing with people using low latency trading.

Protocols used by electronic exchanges

List of Electronic Exchanges along with the protocols they currently expose as their E-Trading interface.

Americas

ExchangeNative Order FlowFIX Order FlowMarket Data
B3 (stock exchange) (aka BM&FBovespa)FIX FIX4.4 UMDF (FIX/FAST)
Bolsa Mexicana de Valores FIX4.4 - version 2.4INTRA (UDP) / SIVA (TCP)
BIVA OUCH FIX 5.0 ITCH
Boston Options Exchange SAIL 4.2 HSVF
Cboe BOE4.2 PITCH
Chicago Mercantile Exchange iLinkFIX Simple Binary Encoding
Montreal Exchange SAIL 4.2 HSVF
Nasdaq OUCH 5.0 Client [ permanent dead link ]- ITCH5.0
NYSE Pillar 4.2 [ permanent dead link ]
TSX FIX Client TSX-FIXQUANTUMFEED
Aequitas Neo FIXFIXNITCH
ICE FIXFIXiMpact

Europe

ExchangeNative Order FlowFIX Order FlowMarket Data
Cboe Europe BOE4.2 PITCH
Eurex T7 ETI (Derivatives Markets Reference) 4.4 EOBI / FIX/FAST
Euronext SBE5.0SBE
Borsa Italiana IDEM Derivatives SAIL 4.2 HSVF
Liffe (ICE EU) FIXFIXiMpact
London Stock Exchange Millennium 5.0sp2 GTP
Moscow Exchange (MICEX)MTESRL-TSMR4.4 FIX/FAST
Moscow Exchange (RTS)Plaza24.4 FIX/FAST
Oslo Børs (Derivatives)SBE5.0SBE
Oslo Børs (Equities)SBE5.0SBE
London Stock Exchange UK Derivatives SAIL (Native)4.2 HSVF
Turquoise MillenniumGTP
Warsaw Stock Exchange UTP4.4XDP
Xetra T7 ETI (Cash Markets Reference)4.4 EOBI / FIX/FAST

Asia

ExchangeNative Order FlowFIX Order FlowMarket Data
Taiwan Stock Exchange TMP (TWSE Message Protocol) 4.4 FIX/FAST
Taipei Exchange TMP (TWSE Message Protocol)4.4
Tokyo Stock Exchange Arrowhead4.2FLEX
Indonesia Stock Exchange OUCH FIX 5.0 ITCH
Singapore Exchange Securities Trading (SGXST) OMEX-
Singapore Exchange Derivatives Trading (SGXDT) OMEX-
Hong Kong Stock Exchange (HKSE) OCG-OMD
Hong Kong Futures Exchange (HKFE) OMEX-OMD

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