Crypto Exchange Bitfinex Releases FIX Digital Asset Gatewaybr>
Crypto exchange Bitfinex has teamed with matching engine technology provider Connamara to create an open-source FIX (Financial Information eXchange) digital asset gateway for professional traders.
FIX is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets. As a non-proprietary protocol, FIX is a common language spoken by many existing institutional client systems and frameworks.
The aim of the Bitfinex FIX gateway is to facilitate improved access to digital asset liquidity for brokers, institutions, and professional traders around the world. Bitfinex claims that the FIX gateway significantly reduces the time and effort required by institutional traders to connect to Bitfinex, or any other digital asset liquidity provider.
Bitfinex employed the capital markets expertise of Connamara to assist with the design and development of the technology. Connamara will also work with Bitfinex to ensure seamless and trouble-free testing and integration of the FIX gateway.
“We are proud to be able to provide next-level access to global cryptocurrency markets,” said Bitfinex CTO Paolo Ardoino. “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.”