---
title: ASX Tabs FIX Flyer for Onboarding
description: Aim is to automate the process while maintaining confidence in the scope of coverage.
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 03.14.2017

 By Terry Flanagan

 Press Release

# ASX Tabs FIX Flyer for Onboarding

 03.14.2017 By Terry Flanagan

![ASX Tabs FIX Flyer for Onboarding](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/sydney-opera-house-australia-54610-May-12-2022-09-26-27-96-AM.jpeg)

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*Australian Securities Exchange (ASX) and FIX Flyer Demonstrate a New Paradigm for FIX Onboarding*

March 9, 2017 NEW YORK, NY and SYDNEY, AUSTRALIA -- FIX Flyer LLC, a leading provider of trading infrastructure and FIX connectivity, is pleased to announce that the Australian Securities Exchange (ASX) has selected, and successfully deployed, [Daytona Trade Monitor](https://www.fixflyer.com/fix-software/trade-monitor/) software to rapidly conformance test their customers’ FIX Trading and Market data connections on their New Trading Platform.

FIX onboarding has traditionally been a significant and inescapable time sink, draining resources from already taxed operations teams. ASX was able to leverage Daytona to substantially automate the process while maintaining confidence in the scope of coverage.

ASX has provided a conformance environment, which Daytona monitors 24/7 to track individual client behavior and validate conformance against the strict ASX requirements. ASX is replacing its current Futures market matching engine with a state-of-the-art new trading platform that offers a global standard FIX interface. FIX rules of engagement conformance is crucial to ensure a smooth transition.

In addition to providing comprehensive on-demand reports, Daytona provides real-time FIX views, alerts (e.g., unhealthy FIX flow), and searchable message archives.

 

"No simulator is a substitute for testing against the actual platform. With Daytona, we were able to complete conformance testing of every one of our customers ahead of schedule and with high confidence."

David Raper, Executive General Manager, Trading Services - ASX

"This is a new paradigm for FIX Rules of Engagement testing, and I don’t use the term lightly. Daytona observes real FIX flow from real environments, tracking conformance in real time. It’s a huge step beyond the traditional model of using FIX simulators, often on both ends of the connection."

Brandon DeCoster, VP Product Manager – FIX Flyer

About FIX Flyer

With over 120 clients worldwide, [FIX Flyer ](https://www.fixflyer.com/)develops advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies. Clients include UBS, TD Ameritrade, Envestnet, GBM, Barclays, Berenberg Bank, Bank of America Merrill Lynch, Goldman Sachs, and JP Morgan.

FIX Flyer is headquartered in New York City with offices in Boston and Hyderabad, India.

[www.fixflyer.com](https://www.fixflyer.com/)

About ASX

[ASX](http://www.asx.com.au/) is one of the world’s leading financial market exchanges, offering a full suite of services, including listings, trading, clearing and settlement, across a comprehensive range of asset classes. As the first major financial market open every day, ASX is a world leader in raising capital, consistently ranking among the top five exchanges globally.

ASX is headquartered in Sydney.

[http://www.asx.com.au/](http://www.asx.com.au/)

About Daytona

Flyer’s comprehensive [FIX monitoring platform](https://www.fixflyer.com/fix-software/trade-monitor/), designed to work with all FIX engines, asset classes, and workflows. From trading to allocations, front to back office, Daytona provides monitoring, insight, alerting, and visibility with no integration and zero impact. Real time analysis, historical archives, drop-in deployment, FIX certification reporting.

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