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OFX Last modified: Wednesday, February 12, 2003
Short for Open Financial Exchange, a unified specification for the exchange of electronic financial data over the Internet. Using a request-response system of communication, OFX allows a client to connect directly to a financial institution's server. An OFX application sends a request to another OFX application, which sends a response. OFX was created by CheckFree, Intuit and Microsoft in 1997. Compare with FIX.
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