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A-Team Insight Blogs

Ullink Confirms Compliance with FIX-over-TLS Security Standard

Ullink has followed the FIX Trading Community’s release of the FIX-over-TLS (FIXS) standard, which is designed to help users of the FIX protocol meet security requirements, with confirmation that its NYFIX marketplace FIX network is 100% compliant.

Ullink’s compliance includes support for the recommended versions of Transport Layer Security (TLS), certificate configurations, ciphers, and different methods of authentication as specified. NYFIX is able to support these security best practices across any FIX connection, using both hub-and-spoke and the patented Order Routing Direct (ORD) connection mechanisms.

FIXS is part of a larger programme of work that the FIX Trading Community initiated in response to the cybersecurity challenge. It is a technical standard that specifies how to use the TLS protocol with FIX, and has been released in the hope that a level of standardisation will help improve security across the industry. Ullink’s NYFIX has supported SSL/TLS FIX connections since it migrated from a legacy system to its Matrix Architecture in 2010.

Richard Bentley, chief product officer at Ullink, which has been an active participant in the FIXS initiative, comments: “Security is a must-have capability which we implement as standard in NYFIX. We are committed to maintaining our capabilities at or above the level of current standards and continuing to contribute to the evolution of security standards in the industry.”

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