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I would like to know from those that have used FIX (with Simple Binary Encoding) for HFT compares with the current (proprietary) protocols in use that often vary per counterparty.

Interested in bandwidth utilization and development time differences. For example, do the various FIX engines (is there a list?) that support FIX SBE allow a software team to get to market quicker with their models than having to learn each proprietary trade protocol?

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Not sure this is really a good question here. You might try to focus it a bit more. Which market, for example, are you talking about? Pros & Cons are not general across the entire universe of venues. For ex, you'd be hard pressed to find a more compact order entry protocol than OUCH, but doesn't mean its better. –  Louis Marascio Nov 25 '13 at 17:18
@LouisMarascio doesn't matter what market to me, anyone with any market experience is fine –  Nikos Nov 25 '13 at 21:33
@Nikos, which fruit is the healthiest to eat and which will reduce the likelihood of ever getting sick? What do you think your doctor will reply when you ask him such question? –  Matt Wolf Dec 23 '13 at 15:40
@MattWolf He should say "God knows" –  Nikos Dec 23 '13 at 22:36
So, then specify where you look to connect to and I am sure you will get a whole lot more meaningful responses. Merry Xmas. –  Matt Wolf Dec 24 '13 at 0:01

1 Answer 1

This is a really confused question and the OP clearly doesn't work in this industry. Any connection to an exchange requires using the format the exchange has chosen. I.e., you don't get a choice.

That said, I don't know of a single exchange that allows order entry via SBE. CME Group will use SBE for their new market-data feed (replacing FAST compression), but that's it.

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