FIX Protocol Ltd (FPL), developer of the FIX financial messaging standard, has launched version 1.2 of FIX Adapted for Streaming (FAST) Protocol, its data compression standard.
The new version improves the ability to use FIX with FAST, specifically with regard to enumerations, time stamps and boolean data types. The improvements in the new version have been developed to be fully compatible with FAST version 1.1. According to FPL, the enhancements allow for greater efficiency gains.
The FAST Protocol was developed in response to increasing electronic trading volumes and market data messaging rates. FAST uses techniques such as implicit tagging, field encoding and binary representation of data to reduce message sizes, therefore cutting bandwidth requirements and latency.
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