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<span id="openzim-page-title" class="mw-page-title-main"><span class="mw-page-title-main">FAST protocol</span></span>
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</style><div role="note" class="hatnote navigation-not-searchable">This article is about financial data protocol. For type of media streaming service, see <a href="Free_ad-supported_streaming_television" title="Free ad-supported streaming television">Free ad-supported streaming television</a>.</div>
<p>The <b>FAST protocol</b> (<a href="FIX_protocol" class="mw-redirect" title="FIX protocol">FIX</a> Adapted for STreaming) is a technology standard developed by FIX Protocol Ltd., specifically aimed at optimizing data representation on the network. It is used to support high-throughput, low latency data communications between financial institutions.
</p><p>In particular, it is a technology standard that offers significant compression capabilities for the transport of high-volume market data feeds and ultra low latency applications.<sup id="cite_ref-inside2_1-0" class="reference"><a href="#cite_note-inside2-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup>
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<div class="mw-heading mw-heading2"><h2 id="History">History</h2></div>
<div class="mw-heading mw-heading3"><h3 id="Timeline">Timeline</h3></div>
<ul><li>2004 Market Data optimization Working Group (“mdowg”) was formed</li>
<li>2005 Proof of Concept (“POC”) project</li>
<li>2006 FAST 1.0 released</li>
<li>2007 FAST 1.1 released</li>
<li>2009 FAST 1.2 proposed</li></ul>
<p>In November 2004, Mike Cormack (then CEO Archipelago Holding) spoke at the FPL (FIX Protocol Ltd) conference in New York regarding a call for action to meet the challenges of the increased market data volumes. The increasing volumes of market data were causing delays, preventing market data from reaching traders in a timely fashion, thus disrupting their ability to trade. The classic FIX tag value format was considered to be too verbose and had a high processing overhead. A working group was formed within FPL shortly after the conference.<sup id="cite_ref-fix1_2-0" class="reference"><a href="#cite_note-fix1-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup>
</p>
<div class="mw-heading mw-heading2"><h2 id="Current_version_of_FAST">Current version of FAST</h2></div>
<p>The approved standard is currently at version 5.0, and is used in commercially available products. There are <a href="Open-source_software" title="Open-source software">Open Source</a> implementations of the Protocol available.
</p>
<div class="mw-heading mw-heading2"><h2 id="Exchanges_that_have_adopted_FAST">Exchanges that have adopted FAST</h2></div>
<ul><li><a href="NYSE" class="mw-redirect" title="NYSE">NYSE</a> Archipelago</li>
<li><a href="CME_Group" title="CME Group">CME Group</a> (CME)</li>
<li><a href="International_Securities_Exchange" title="International Securities Exchange">International Securities Exchange</a> (ISE)</li>
<li><a href="NASDAQ_OMX_Group" class="mw-redirect" title="NASDAQ OMX Group">NasdaqOMX</a></li>
<li><a href="Eurex" title="Eurex">Eurex</a></li>
<li><a href="Xetra_(trading_system)" title="Xetra (trading system)">Xetra</a></li>
<li><a href="Bombay_Stock_Exchange" title="Bombay Stock Exchange">Bombay Stock Exchange</a> (BSE Ltd, India)</li>
<li><a href="Bats_Exchange%2C_Inc" class="mw-redirect" title="Bats Exchange, Inc">BATS</a></li>
<li><a href="ICAP_(company)" class="mw-redirect" title="ICAP (company)">ICAP</a></li>
<li><a href="Options_Price_Reporting_Authority" title="Options Price Reporting Authority">OPRA</a></li>
<li><a href="B3_(stock_exchange)" title="B3 (stock exchange)">B3</a></li>
<li><a href="Nordic_Growth_Market" title="Nordic Growth Market">Nordic Growth Market</a> (NGM)</li>
<li><a href="Moscow_Exchange" title="Moscow Exchange">Moscow Exchange</a> (MOEX)</li>
<li><a href="Shanghai_Stock_Exchange" title="Shanghai Stock Exchange">Shanghai Stock Exchange</a> (SSE, China)</li></ul>
<div class="mw-heading mw-heading2"><h2 id="Open_source_implementations">Open source implementations</h2></div>
<p>Source code for implementations of the FAST Specification are available from the following sources:
</p>
<table class="wikitable">
<tbody><tr>
<th>Description
</th>
<th>Language
</th>
<th>URL
</th>
<th>License
</th>
<th>Notes
</th></tr>
<tr>
<td>FPL Reference Implementation
</td>
<td>C (not C++)
</td>
<td><a rel="nofollow" class="external free" href="https://www.fixtrading.org/standards/fast/">https://www.fixtrading.org/standards/fast/</a>
</td>
<td>W3C Software License.
</td>
<td>Not a complete implementation. Reference only.
</td></tr>
<tr>
<td>FPL Reference Implementation
</td>
<td>C#
</td>
<td><a rel="nofollow" class="external free" href="https://www.fixtrading.org/standards/fast/">https://www.fixtrading.org/standards/fast/</a>
</td>
<td>W3C Software License.
</td>
<td>Not a complete implementation. Reference only.
</td></tr>
<tr>
<td>OpenFAST
</td>
<td>Java
</td>
<td><a rel="nofollow" class="external free" href="https://openfast.sourceforge.net/">https://openfast.sourceforge.net/</a>
</td>
<td>Mozilla Public License
</td>
<td>Includes SCP 1.1
</td></tr>
<tr>
<td>OpenFAST.NET
</td>
<td>C#
</td>
<td><a rel="nofollow" class="external text" href="https://sourceforge.net/projects/openfastdotnet/">www.sourceforge.net/projects/openfastdotnet/</a>
</td>
<td>Mozilla Public License
</td>
<td>Includes SCP 1.1
</td></tr>
<tr>
<td>QuickFAST
</td>
<td>C++
</td>
<td><a rel="nofollow" class="external text" href="https://github.com/objectcomputing/quickfast">https://github.com/objectcomputing/quickfast</a>
</td>
<td>New BSD License
</td>
<td>Includes C# (.NET) wrapper
</td></tr>
<tr>
<td>goFAST
</td>
<td>Golang
</td>
<td><a rel="nofollow" class="external text" href="https://github.com/co11ter/goFAST">www.github.com/co11ter/goFAST</a>
</td>
<td>Apache License 2.0
</td>
<td>Not a complete implementation.
</td></tr></tbody></table>
<div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2></div>
<ul><li><a href="Simple_Binary_Encoding" class="mw-redirect" title="Simple Binary Encoding">Simple Binary Encoding</a> is considered to be the successor to the FAST protocol</li>
<li><a href="List_of_electronic_trading_protocols" title="List of electronic trading protocols">List of electronic trading protocols</a></li></ul>
<div class="mw-heading mw-heading2"><h2 id="References">References</h2></div>
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</style><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.insidemarketdata.com/public/showPage.html?page=427885">"Exchange Plans for FAST"</a>. <a href="Inside_Market_Data" title="Inside Market Data">Inside Market Data</a>. 2006-02-13.</cite></span>
</li>
<li id="cite_note-fix1-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-fix1_2-0">^</a></b></span> <span class="reference-text"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.finextra.com/news/announcement.aspx?pressreleaseid=5814">"FIX Protocol releases market data streaming test results"</a>. Finextra Research. 2005-09-07.</cite></span>
</li>
</ol></div></div>
<div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2></div>
<ul><li><a rel="nofollow" class="external text" href="https://www.fixtrading.org/standards/fast/">FAST protocol's official homepage</a> and list of proof of concept sponsors.</li></ul>
<p><br>
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