Bridge
A point-to-point translator that maps one counterparty's FIX dialect onto another's. A bridge solves a single connection at a time: useful, but it multiplies as every new counterparty needs its own.
Related terms
Quazar's model. A fabric does everything a bridge does, translating between dialects, versions and tag conventions, and more: many-to-many routing, message transformation, session pooling, monitoring and AI-driven configuration across every connection at once. One fabric replaces a web of bridges.
A counterparty's own interpretation of FIX: custom tags, version quirks and conventions that differ from the base specification.
The Financial Information eXchange protocol: the messaging standard the buy and sell side use to communicate orders, executions and market data.
Concepts in context: how the fabric routes, translates and manages FIX connectivity.