FIX Flyer has discussed migrating FIX platforms before, but on a high level. This is part one of a longer series of articles covering the details and logistics of FIX Migrations.
Steps to getting started, which are described in detail, include:
- Defining the Business Driver,
- Performing a cost-benefit analysis including hidden and direct costs and benefits,
- Performing a cost-risk analysis including migration and extant risk.
More details including the concept of "technical debt" can be found in the full article.
With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.