In-line FIX packet translator

1. A method comprising:

receiving, at a computing device, a message formatted according to a FIX protocol, the message including FIX message content and a FIX message wrapper,

wherein the FIX message wrapper provides session and delivery information for the message to a target, and wherein the FIX message content includes a trade order formatted according to a first FIX format;

performing in-line translation of the FIX message content of the received message to modify the trade order from the first FIX format to a second FIX format, wherein the in-line translation adjusts the FIX message content according to a predefined set of rules without affecting the FIX message wrapper and message routing session; and

facilitating routing of the message including the modified FIX message content to the target based on the FIX message wrapper.

2. The method of claim 1 , wherein the message is composed for processing at both an application level and a session level, the application level affecting the FIX message content and the session level affecting message identification and delivery instructions in the FIX message wrapper, wherein performing in-line translation allows modification of the FIX message content at the application level while not affecting the FIX message wrapper at the session level.

3. The method of claim 2 , wherein performing in-line translation maintains a message sequence number for tracking by a sender of the message.

4. The method of claim 1 , wherein the first FIX format is associated with a client device and the second FIX format is associated with an exchange.

5. The method of claim 1 , wherein the computing device is implemented as an integrated circuit.

6. The method of claim 4 , wherein the integrated circuit comprises a field programmable gate array.

7. A system comprising:

a computing device configured to receive a message formatted according to a FIX protocol, the message including FIX message content and a FIX message wrapper, wherein the FIX message wrapper provides session and delivery information for the message to a target and wherein the FIX message content includes a trade order formatted according to a first FIX format, the computing device configured to perform in-line translation of the FIX message content of the received message to modify the trade order from the first FIX format to a second FIX format, wherein the in-line translation adjusts the FIX message content according to a predefined set of rules without affecting the FIX message wrapper and message routing session and to facilitate routing of the message including the modified FIX message content to the target based on the FIX message wrapper.

8. The system of claim 7 , wherein the message is composed for processing at both an application level and a session level, the application level affecting the FIX message content and the session level affecting message identification and delivery instructions in the FIX message wrapper, wherein the computing device is to perform in-line translation by modifying the FIX message content at the application level but not affecting the FIX message wrapper at the session level.

9. The system of claim 8 , wherein the computing device is to perform in-line translation and maintain a message sequence number for tracking by a sender of the message.

10. The system of claim 7 , wherein the first FIX format is associated with a client device and the second FIX format is associated with an exchange.

11. The system of claim 7 , wherein the computing device is implemented as an integrated circuit.

12. The system of claim 11 , wherein the integrated circuit comprises a field programmable gate array.

13. A non-transitory tangible computer-readable storage medium comprising instructions that, when executed, cause a computing device to at least:

receive a message formatted according to a FIX protocol, the message including FIX message content and a FIX message wrapper, wherein the FIX message wrapper provides session and delivery information for the message to a target and wherein the FIX message content includes a trade order formatted according to a first FIX format;

perform an in-line translation of the FIX message content of the received message to modify the trade order from the first FIX format to a second FIX format, wherein the in-line translation adjusts the FIX message content according to a predefined set of rules without affecting the message routing session; and

facilitate routing of the message including the modified FIX message content to the target based on the FIX message wrapper.

14. The non-transitory computer-readable storage medium of claim 13 , wherein the message is composed for processing at both an application level and a session level, the application level affecting the FIX message content and the session level affecting message identification and delivery instructions in the FIX message wrapper, wherein performing in-line translation allows modification of the FIX message content at the application level while not affecting the FIX message wrapper at the session level.

15. The non-transitory computer-readable storage medium of claim 14 , wherein performing in-line translation maintains a message sequence number for tracking by a sender of the message.

16. The non-transitory computer-readable storage medium of claim 13 , wherein the first FIX format is associated with a client device and the second FIX format is associated with an exchange.