Bitfinex Launches FIX Digital Asset Gateway - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Bitfinex

Bitfinex Launches FIX Digital Asset Gateway

May 16, 2018
Daniel Curry, Head of Business Development at Connamara
Daniel Curry, Head of Business Development at Connamara

Bitfinex, one of the largest cryptocurrency exchanges in the world has announced the release of a FIX (Financial Information eXchange) digital asset gateway.

The FIX gateway is a result of a partnership with Connamara, a provider of matching engine technology for startups and frontier exchanges. The two teams together developed an open-source solution for professional traders, brokers, and institutions, wishing to enter the digital asset markets.

Financial Information eXchange (FIX) is an industry standard electronic communications protocol that facilitates data transfer between financial institutions. This common language reduces the time and effort required by institutional traders to connect to Bitfinex or any other digital asset liquidity provider.

Connamara SystemsConnamara Systems is a proven expert in FIX protocol. Daniel Curry, Head of Business Development at Connamara, commented:

“It has been a pleasure to work with Bitfinex on this project. They have been a pioneering firm in the digital asset markets since 2012 and it is exciting to collaborate with them as they lead the way in the adoption of the FIX protocol for their rapidly growing industry.”

Paolo Ardoino, Chief Technology Officer of Bitfinex, said:

“We are proud to be able to provide next-level access to global cryptocurrency markets. Through this collaboration we aim to combine Connamara’s financial technology expertise with our experience to improve the efficiency of digital asset markets and allow for streamlined access to cryptocurrency trading.”

Paolo Ardoino, Bitfinex CTO
Paolo Ardoino, Bitfinex CTO

Earlier in February, Bitfinex announced the first high-performance decentralized exchange, to be built on EOS.IO technology. EOSfinex combines the scalability and speed of EOS.IO with Bitfinex’s industry-leading expertise to deliver an “on chain” exchange designed to offer a fast, transparent and trustless platform for the trading of digital assets.

Bitfinex has recently announced the appointment of Peter Warrack, an anti-money laundering veteran, as Chief Compliance Officer. The appointment of Peter Warrack greatly expand Bitfinex’s AML capabilities in the cryptocurrency space. The trading platform deals over $1.2 billion volume a day and provides peer-to-peer financing, OTC and margin trading across a number of digital assets.

Connamara Systems is an originator of the industry standard open-source QuickFIX FIX engine and builds regulated exchanges, non-regulated marketplaces,  and matching engines. Connamara maintains the open source project Quickfix and is the author of QuickFIX/n and QuickFIX/go.

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