# Financial Information eXchange (FIX) Protocol

> Electronic communications protocol initiated in 1992 for international real-time exchange of securities transaction and market data information.

Canonical: https://terminalledgerdesk.com/engines/fix-protocol-standard
Last updated: 2026-10-24T16:09:49.288Z

## Financial Information eXchange (FIX) Protocol (FIX-4.4)

- Type: product
- Jurisdiction: International
- Regulatory body: Financial Information eXchange (FIX) Protocol
- Wikidata: Not supplied

Electronic communications protocol initiated in 1992 for international real-time exchange of securities transaction and market data information.

### Recorded metadata

| Field | Value |
| --- | --- |
| coverageDesk | Terminal Ledger Desk |
| regulatoryBody | Financial Information eXchange (FIX) Protocol |
### Related research

- [Trading Terminal Architecture Benchmark: Auditing 679 Broker Software Deployments Across MT5, cTrader, and Proprietary Engines](https://terminalledgerdesk.com/reports/trading-terminal-architecture-benchmark-679-platforms-mt5-ctrader-proprietary) — Execution Benchmarks. Measuring order-to-acknowledgement round-trip latency, bridge plugin architecture, and multi-asset margin unification across 679 broker software deployments.
