List of electronic trading protocols

Communications on electronic trading platforms are based on a list of well-defined protocols.

Although FIX protocol has grown significant market share, the exchange specific protocols (also called "Native" interfaces) have found a strong backing with people using low latency trading.

Protocols used by electronic exchanges

List of Electronic Exchanges along with the protocols they currently expose as their E-Trading interface.

Americas

Exchange Native Order Flow FIX Order Flow Market Data
B3 (stock exchange) (aka BM&FBovespa) FIX FIX4.4 UMDF (FIX/FAST)
Bolsa Mexicana de Valores FIX 4.4 - version 2.4 INTRA (UDP) / SIVA (TCP)
BIVA OUCH FIX 5.0 ITCH
Boston Options Exchange SAIL 4.2 HSVF
Cboe BOE 4.2 PITCH
Chicago Mercantile Exchange iLink FIX Simple Binary Encoding
Montreal Exchange SAIL 4.2 HSVF
Nasdaq OUCH 5.0 Client[permanent dead link‍] - ITCH5.0
NYSE Pillar 4.2[permanent dead link‍]
TSX FIX Client TSX-FIX QUANTUMFEED
Aequitas Neo FIX FIX NITCH
ICE FIX FIX iMpact

Europe

Exchange Native Order Flow FIX Order Flow Market Data
Cboe Europe BOE 4.2 PITCH
Eurex T7 ETI (Derivatives Markets Reference) 4.4 EOBI / FIX/FAST
Euronext SBE 5.0 SBE
Borsa Italiana IDEM Derivatives SAIL 4.2 HSVF
Liffe (ICE EU) FIX FIX iMpact
London Stock Exchange Native 5.0sp2 GTP
Moscow Exchange (MICEX) MTESRL-TSMR 4.4 FIX/FAST
Moscow Exchange (RTS) Plaza2 4.4 FIX/FAST
Oslo Børs (Derivatives) SBE 5.0 SBE
Oslo Børs (Equities) SBE 5.0 SBE
London Stock Exchange UK Derivatives SAIL (Native) 4.2 HSVF
Turquoise Native GTP
Warsaw Stock Exchange UTP 4.4 XDP
Xetra T7 ETI (Cash Markets Reference) 4.4 EOBI / FIX/FAST

Asia

Exchange Native Order Flow FIX Order Flow Market Data
Taiwan Stock Exchange TMP (TWSE Message Protocol) 4.4 FIX/FAST
Taipei Exchange TMP (TWSE Message Protocol) 4.4
Tokyo Stock Exchange Arrowhead 4.2 FLEX
Indonesia Stock Exchange OUCH FIX 5.0 ITCH
Singapore Exchange Securities Trading (SGXST) OMEX -
Singapore Exchange Derivatives Trading (SGXDT) OMEX -
Hong Kong Stock Exchange (HKSE) OCG - OMD
Hong Kong Futures Exchange (HKFE) OMEX - OMD

References