FIX (Financial Information Exchange) Protocol, which is widely used in world securities exchanges, alternative trading platforms and financial markets, was adopted in Borsa İstanbul Equity Market on October 4, 2013. FIX Protocol is scheduled to be adopted in Borsa İstanbul Derivatives Market in March 2014.
Order transmission to Borsa İstanbul Derivatives Market (VİOP) Trading System is currently realized by the trading terminals located in remote access points. FIX (Financial Information Exchange) Protocol, which is widely used in world securities exchanges, alternative trading platforms and financial markets, was adopted in Borsa İstanbul Equity Market on October 4, 2013. FIX Protocol is scheduled to be adopted in Borsa İstanbul Derivatives Market in the near future.
In a joint announcement to Borsa İstanbul members and investors, Borsa İstanbul Executive Vice Presidents Çetin Ali Dönmez said:
“As part of the efforts on VİOP FIX Protocol implementation, Borsa İstanbul prepared the FIX Rules of Engagement. Version 1.0 of the FIX Rules of Engagement, which includes the formats for Borsa İstanbul members to access VİOP trading system over VİOPFIX and carry out function tests, prepared in Turkish and English, has been available on the page www.borsaistanbul.com/uyeozel since November 28, 2013. The said document is subject to updating until VİOPFIX starts being implemented. Any updates as well as the new version of the document, indicating the new version number, will be announced on page www.borsaistanbul.com/uyeozel, and therefore Borsa İstanbul members are kindly requested to follow such page. “
Borsa İstanbul will organize a meeting in December, with the participation of the relevant executive and technical staff of the Members to help them plan their software development endeavors. Details regarding this meeting will be further announced by a General Letter.