Methodology
1. Scoring framework
The CryptoFIX Audit uses a tiered weighted scoring model consisting of 27 mandatory checks, totaling 100 points. Exchanges are evaluated on presence, conformance, and documentation quality.
2. Tier 5 — FIX DAWG extensions
Tier 5 checks evaluate support for FIX Digital Asset Working Group (DAWG) extensions and EP273 standards. These are informational only and are not included in the primary 100-point score, representing forward-looking institutional readiness for future FIX technical committee ratifications.
3. Provenance
Rubric built from 15 years of FIX protocol implementation at Wellington Management (9 years, 30+ broker certifications, ATDL dark pools) and Solidus Labs (25+ institutional crypto exchange onboardings). Referenced against FIX Trading Community Digital Assets Working Group Gap Analysis v0.2 (May 2022) and EP273.
4. Disclaimer
Scores are indicative and based on a point-in-time review of public documentation and certification environments. Independent verification against current exchange Rules of Engagement is recommended.