Nasdaq Rolls Out CORE FIX: Faster Orders for FIX Protocol Fans
Published Date: 3/19/2025
Notice
Summary
Nasdaq is rolling out a new way to send stock orders called CORE FIX (CF) that’s faster and simpler than the old method. This change helps traders who use FIX but don’t need complex routing, speeding up order processing without extra costs. The new rules take effect immediately, so market players can start using CF right away!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Nasdaq launches CORE FIX (CF)
If you are a trader or trading firm that uses the FIX protocol but do not use FIX routing, Nasdaq established a new Order Entry Protocol called CORE FIX (CF). The Exchange says CF removes the RASH-based routing layer to streamline order handling and improve order latency relative to FIX or RASH. Nasdaq filed the change and designated it for immediate effectiveness on March 13, 2025 so participants can begin using CF right away.
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