Initiating FIX Sessions (Logon 35=A) | FIX API for Algorithmic Trading @ Darwinex
277FIX API for Algorithmic Traders - Establishing a FIX Session between Trader and Broker, brought to you by Darwinex: https://www.darwinex.com/?utm_source=youtube&utm_medium=video-description-above-fold&utm_content=fix-api-algorithmic-traders-establishing-fix-sessions
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This tutorial describes:
1) The credentials required for establishing a FIX Session (SenderCompID, TargetCompID, Username and Password)
2) How a FIX Session is instantiated between the trader and the broker
3) How to construct a Logon (35=A) FIX message using the above
4) What the broker's FIX server does in response to Logon messages
5) What the CheckSum (tag 10) of a FIX message is, and how it is calculated
6) How the BodyLength (tag 9) of a FIX message is calculated
7) How algorithmic traders can use Open Source FIX Engines like QuickFIX to reduce development time and focus instead on developing the logic and application flow of their algorithmic trading strategies.
8) Future FIX API tutorials planned for viewers.
If you haven't already, please watch the previous videos in this series, via the following links:
1) FIX API for Algorithmic Trading: Introduction
https://youtu.be/r6IrtCMW81I
2) Anatomy of the FIX Protocol
https://youtu.be/wSgAwJyev2Y
By the end of this tutorial, viewers will hopefully have developed enough of an understanding of the above concepts, to enable them to proceed with FIX trading application development using the FIX protocol (subject matter planned for future tutorials in this video series).
Enjoy!
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Topics: #algorithmictrading #fixapi #fixprotocol #darwinex