FIX connectivity
FIX is a widely used messaging standard in electronic trading. A broker integration must define the exact counterparty specification, supported messages, sessions and operational procedures.
Market data
Document subscriptions, symbols, depth, timestamps and normalization rules before connecting price feeds to downstream systems.
Order flow
Define new orders, amendments, cancellations, fills, rejects and reconciliation behavior for each execution counterparty.
Session management
Plan authentication, sequence handling, heartbeats, reconnect behavior, trading sessions and operational escalation.
Mapping and normalization
Instrument names, quantities, prices and account identifiers often differ across systems and require controlled mapping.
Testing
Use certification or test environments where available and validate normal flows, rejects, disconnects, recovery and reconciliation before production.
Next step
Build a requirements matrix covering platform scope, integrations, connectivity, hosting, security, support and ownership. This makes vendor proposals comparable and exposes missing dependencies before deployment.