IFIX: A New Era of Financial Information Exchange
Pheerasak Tongkamonwat, Pattarasinee Bhattarakosol

Financial information exchange is a significant process for every financial industry. According to the growth of the world financial market, this information is essential for every business investor. So Financial Information eXchange (FIX) software was implemented and become standard in the trading organizations. There are 3 main problems under the use of FIX: security, reliability, and diversity of files from subbrokers. This paper proposed the Interface Financial Information eXchange (IFIX) that runs as a background process to perform the trading transfer process between brokers, sub-brokers, custodian, and Stock Exchange of Thailand (SET) using IPSec. The evaluation result of the IFIX from experts and end users in the trading organization was acceptable and all of them were satisfied more than using FIX..

Full Text: PDF     DOI: 10.15640/jcsit.v4n2a2