Identifying the problem
When NASDAQ OMX Nordic Exchange changed their trading system, all client applications had to adapt to a new set of interfaces and protocols to continue receiving and sending information.
In 2009 a financial data center contracted with nikuda to help integrating with the new trading system. Their existing legacy applications written in COBOL lacked support for complex and nested repeating structures as used in the FIX protocol.
What nikuda did
Therefore nikuda built a complete stock exchange integration solution for the data center.
Via the MultiExCom Transformation facility messages flowing on the API were transformed from native format into fixed structures suitable for COBOL programs.
Benefits
The data center’s existing legacy applications written in COBOL could easily be adapted to the MultiExCom API.
MultiExCom includes support for all FIX Versions including any dialects defined by trading parties.