OTC Exchange Network (OTCXN) Joins the FIX Trading Community

OTC Exchange Network (OTCXN), an institutional trading network and infrastructure provider utilizing Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technologies, is now a member of the FIX Trading Community. CEO Rosario M. Ingargiola has also been named to the Digital Currency & Blockchain Working Group.

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"FIX has long been the standard messaging protocol for trading. However, trading related Blockchain, DLT, and digital asset initiatives are on the bleeding edge, and are seeking to define standards of interoperability. Although OTCXN is already capturing FIX message sequences and storing them on its proprietary Blockchain to drive capabilities like real-time trade match reporting with cryptographic guarantees, I believe that it will take some experimentation and an open dialog among early pioneers to identify and overcome perhaps yet unknown technical hurdles. We hope that we can bring some of our experiences and findings to the FIX Digital Currency & Blockchain Working Group for the benefit of all," said Mr. Ingargiola.

The FIX Trading Community is the non-profit, industry-driven standards body behind the Financial Information eXchange (FIX) protocol - the leading electronic communications protocol for global trading in the financial markets.

OTCXN’s blockchain-based peer-to-peer electronic trading network democratizes access to wholesale markets starting with OTC Spot FX. Its proprietary blockchain fabric is offered on a stand-alone basis for global enterprise businesses, and it is described as requiring absolute certainty of event chronology, strict data privacy and security, and high frequency events recording with Immutability Immutability Immutability is defined as the ability of a blockchain ledger to remain unchanged or unaltered. This extends to the integrity of the data in the blockchain and is overall state.To better understand this concept, one has to consider the overall structure of a blockchain. Each block of information, i.e. facts or transaction details, proceed using a hash value. This hash value consists of an alphanumeric string generated by each block separately. Each and every block not only contains a hash or dig Immutability is defined as the ability of a blockchain ledger to remain unchanged or unaltered. This extends to the integrity of the data in the blockchain and is overall state.To better understand this concept, one has to consider the overall structure of a blockchain. Each block of information, i.e. facts or transaction details, proceed using a hash value. This hash value consists of an alphanumeric string generated by each block separately. Each and every block not only contains a hash or dig Read this Term guarantees, while crossing organizational boundaries.