[This message was posted by Ryan Pierce (FPL Technical Director) of FIX 
Protocol Ltd. <[email protected]> to the "Information Security" 
discussion forum at http://fixprotocol.org/discuss/3. You can reply to it 
on-line at http://fixprotocol.org/discuss/read/2a409b88 - PLEASE DO NOT REPLY 
BY MAIL.]

> I am now studying FIX connectivity over Internet from market maker's 
> perspective.  One of the challenges is to address security concern.  Apart 
> from SSL, I am thinking if there is any quick-win approach (like using Tag 98 
> in Logon Message) so that other market takers are willing to implement with 
> minimum effort?  Grateful for your idea.

Tag 98 is not secure, at least in its standardized usage today. These 
encryption methods use 56 bit DES, which has been demonstrated breakable back 
in 1998.

SSL or TLS are the current FPL recommended methods for securing FIX 
connections. You can find more information here:

http://fixprotocol.org/documents/5098/FIX%20Security%20White%20Paper-1.8-FINAL.pdf

I would think that SSL or TLS is more of a "quick-win" than the Tag 98 
approaches. One can use the open-source product "stunnel" with FIX engines that 
have no native support for SSL. However, it is easy to misconfigure stunnel; 
the white paper referenced above documents issues to consider.

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