QIX
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QIX


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DEFINITION - QIX (NASDAQ Information Exchange protocol) is a proprietary specification intended to streamline automated trading in the financial industry. QIX, like the open-standard Financial Information Exchange (FIX) protocol and the computer-to-computer interface (CTCI), supports multiple communications formats. However, unlike FIX, the QIX protocol is designed specifically for NASDAQ trading.

QIX can improve business flow by minimizing the number of redundant and unnecessary messages, enhancing the client base, reducing time spent in voice-based telephone conversations and practically eliminating paper clutter. The protocol is compatible with nearly all commonly used networking technologies. QIX is similar to an application program interface (API) but reduces operating costs because it does not require a service delivery platform at the subscriber site. NASDAQ encourages subscribers to switch from API to QIX. To effectively use QIX, a subscriber must have at least two TCP/IP connections with different port numbers.

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LAST UPDATED: 23 Jan 2008

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More resources from around the web:
- Searchfinancialsecurity.com offers a variety of resources related to financial transaction protocols and security.
- NASDAQ Trader provides an overview of QIX.





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RELATED GLOSSARY TERMS
Terms from Whatis.com − the technology online dictionary
CTCI (Computer-to-computer interface)  (SearchFinancialSecurity.com)
Computer-to-computer interface (CTCI) is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities...
DROP (delivery of real-time execution information protocol)  (SearchFinancialSecurity.com)
DROP (delivery of real-time execution information protocol) is a feature of various NASDAQ (National Association of Securities Dealers Automated...




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