Managed FIX Engine via SaaS and Redis for Low-Latency Messaging

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Solution Overview

Problem

Current FIX engine platforms require significant upfront investments and technical expertise, making them inaccessible and costly for smaller financial institutions due to complex infrastructure and management requirements.

Innovation Solution

A fully managed, frictionless FIX engine that allows users to configure and deploy FIX engines through a graphical user interface without needing to understand underlying technology, utilizing Redis infrastructure for low-latency messaging and incorporating features like network load balancing, docker images, and AI/ML analysis for transaction logs, with a subscription-based, infrastructure-free model.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional FIX engine platforms are deployed, then financial information exchange functionality is provided, but significant upfront investments and technical expertise are required

Engineering Contradiction:

Improvefinancial information exchange functionalityVSAvoidinfrastructure and management requirements

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The FIX engine platform performs self-configuration and self-management through automated deployment processes. The system automatically configures messaging routes, session settings, and infrastructure components without requiring manual intervention from technical staff, thereby eliminating the need for extensive technical expertise while maintaining reliable financial information exchange functionality

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The platform performs preliminary configuration and setup actions during the deployment process. All infrastructure components, messaging routes, and engine settings are pre-configured and validated before the FIX engine becomes operational, eliminating the need for ongoing technical management and reducing complexity for users

Inventive Principle:

Principle #10Preliminary action

2Adaptability or versatility

If on-premises FIX engine deployment is used, then full control over the platform is achieved, but technical staff management is required

Engineering Contradiction:

Improveplatform controlVSAvoidtechnical staff management

Core Design Contradiction:

Adaptability or versatilityVSEase of operation

Solution Approach 1:

A cloud-based intermediary management layer is introduced between the user and the FIX engine infrastructure. This intermediary handles all technical management operations, configuration modifications, and platform control functions, allowing users to maintain full control over their FIX engine settings without needing to manage the underlying technical infrastructure or employ technical staff

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If supplier-managed FIX engine is used, then operational agreements can be established, but clients must work with supplier's schedule

Engineering Contradiction:

Improveoperational managementVSAvoidimplementation scheduling flexibility

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The platform enables clients to perform all configuration, deployment, and management operations independently through an automated interface. Clients can implement changes, modify settings, and deploy updates immediately according to their own schedules without being constrained by supplier availability or requiring operational agreements, while the system maintains reliable operational management through automated processes

Inventive Principle:

Principle #25Self-service

4Reliability

If traditional FIX engine platforms are deployed, then financial transaction messaging is enabled, but high costs and maintenance requirements make it inaccessible to smaller firms

Engineering Contradiction:

Improvefinancial transaction messaging capabilityVSAvoidaccessibility to smaller firms

Core Design Contradiction:

ReliabilityVSEase of manufacture

Solution Approach 1:

The automated self-service deployment platform eliminates the need for expensive technical staff and manual configuration processes. Smaller firms can deploy and manage FIX engines independently through automated interfaces, significantly reducing implementation costs and maintenance requirements while maintaining reliable financial transaction messaging capability

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The platform uses containerized, ephemeral infrastructure components that can be rapidly deployed and discarded without long-term infrastructure investments. This approach replaces expensive, permanent on-premises installations with lightweight, on-demand container instances, making FIX engine capability accessible to smaller firms with limited budgets

Inventive Principle:

Principle #27Cheap short-living objects (Disposable)

Data Source

PatentUS20240380713A1Fully Managed, Frictionless Financial Information Exchange Engine for Financial Transaction Messaging

Publication Date: 2024.11.14 KUVE LAKSHMINARAYAN

AI summary

The present invention provides a financial information exchange (FIX) engine which enables a client to deploy the system with minimal investment in specialized knowledge. The client is empowered by abstracting the technical aspects of the system through its interface, allowing them to fully configure, deploy, and manage the platform without needing to be familiar with the underlying infrastructure. The engine itself is configured to operate without the specialized infrastructure necessary for most available FIX systems by being structured as Software as a Service (SaaS). The result is an effective, frictionless FIX engine at a much lower cost.