OFX

Webopedia Staff
Last Updated May 24, 2021 7:50 am
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.