Cryptocurrency Q&A
How much does a FIX connection cost?
How much does a FIX connection cost?
CosmicDream
Fri Oct 04 2024
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6 answers
1401
Excuse me, could you please elaborate on the cost associated with establishing a FIX connection? Is there a standard pricing model, or does it vary depending on the service provider, the features offered, and the volume of transactions? Additionally, are there any hidden fees or recurring costs that we should be aware of? Your insights would be greatly appreciated.
6 answers
DigitalLordGuard
Sun Oct 06 2024
The ADF, or Automated Disclosure Facility, offers a cost-effective solution for members who wish to utilize it solely for trade reporting purposes.
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DondaejiDelightfulCharmingSmile
Sun Oct 06 2024
For such members, connecting to the ADF via a Financial Information eXchange (FIX) line incurs a monthly fee of $500.
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Silvia
Sat Oct 05 2024
This fee structure is designed to cover the operational costs associated with maintaining the ADF and ensuring its seamless integration with FIX lines.
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Martina
Sat Oct 05 2024
The implementation of this fee was amended by SR-FINRA-2016-031, which took effect in September.
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Silvia
Sat Oct 05 2024
The ADF's integration with FIX lines provides members with a secure and efficient means of transmitting trade data in real-time.
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