FIX：金融信息交换(Financial Information eXchange, FIX)协议是专门针对证券交易的实时电子交换开发的信息传递格式。

FIX: the Financial Information exchange (FIX) protocol is a messaging format developed specifically for the real-time electronic exchange of securities transactions.

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合理的透明度可以优化市场中相关信息的传递方式，并改善交易者的信息结构，有利于证券形成更加合理的价格，并进而提高市场的整体质量。

A reasonable transparency can optimize the information diffusing and improve the information structure so that leads to more reasonable stocks prices and a better market quality.

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以电子形式存在的证券在计算机网络上进行传递和交易即是我们所称的网络证券。

Securities existed in electronic forms transmit and transact on the network that is what we call the Internet securities.

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