We are looking for a long term relationship with a FIX Protocol Genius to become an integral part of our team.
Our first project requires a Fix Connector to be developed to interface with a DMA Fix API with access to a large liquidity pool through an aggregator.
The Connector also needs to have a front end where new traders can be on-boarded with fee groups and access control can be administered with ease (similar to the way the MT4 Manager works).
Fix Gateway Description
The gateway will act as a front end authentication gateway for all inbound FIX connections. This gateway has two entities on either end.
On one end is the connection to the Liquidity Pool (via broker) and on the other end is the client management gateway that authenticates and passes through client traffic to the broker through the FIX protocol.
The Broker End
The Fix Gateway needs to be able to connect to the broker’s end using the FIX credentials provided. The implementation needs to pass the brokers’ conformance test and get certified for live usage.
The client End
The purpose of the client end is to provide additional FIX API credentials to our clients that wish to connect to the Fix end-point (the broker) without having any interaction with the brokers’ FIX connection.
The client end needs to come with a front end GUI which will act as the “Fix Client Management App”, similar to the MT4 Manager Desktop Application.
The client application needs to maintain a database where fee groups, client profiles and account credentials will be housed. Keeping this database secure and impenetrable is paramount for our business.
So for instance, we may have trader A, B, C and D. And group 1, 2, 3 and 4.
Each group has its own set of rules around spread markups, commission rates, margin call and stop out percentage levels.
Inside the client desktop app we will create the profile for Trader A and associate his account with Group 4 (for instance) and for Trader B, associated it with group 2.
Accordingly, Traders A, B, C and D will be given credentials to connect to the FIX gateway. The gateway receives incoming traffic, authenticates it and markup the Quote Feed based on the group specifications and allows trading based on the parameters specified for margin calls etc in the same way.
Additional monitoring, reporting and live transaction flow will also need to be visible inside this Client App.
This is the general overview of the project. A very detailed spec will be provided to shortlisted candidates based on our assessment of your understanding of the project from the basic outline we have set forth here.
We are not going to focus on your bid for this project right now because the specifications provided here are not detailed enough for you to provide an exact quote.