In-Line FIX Packet Translator

A computer readable medium having stored therein instructions executable by a processor, including instructions executable to:

• receive a message from a sender device to be sent to a target device, wherein the sender device and the target device communicate using a communication session established directly between the sender device and the target device, wherein the message is formatted according to a first FIX protocol and includes application level trade order related data in a message body and session level data in a message wrapper;
• perform in-line translation of the application level trade order related data formatted according to the first FIX protocol in the received message to generate application level trade order data formatted according to a second FIX protocol being used at the target device, wherein the in-line translation does not modify content of the session level data in the message wrapper;
• and
• route the message including the message body including the application level trade order related data formatted according to the second FIX protocol and the message wrapper including the session level data to the target device.