FIXML
FIXML is a standardized XML-based messaging format developed by the industry for the financial services sector. Its primary purpose is to facilitate the exchange of financial information between different systems and organizations. FIXML aims to simplify and streamline communication in areas such as trading, clearing, settlement, and corporate actions. It achieves this by defining a common structure and set of tags for representing various financial data elements.
The FIXML standard is based on the widely adopted Financial Information eXchange (FIX) protocol, but it leverages
By adopting FIXML, financial institutions can reduce the complexity and cost associated with integrating disparate systems.