The FF-LYNX protocol provides an innovative solution for the integrated distribution of Timing, Trigger and Control signals and the data readout in future High Energy Physics experiments. Transmitter and receiver interfaces implementing the FF-LYNX protocol have been simulated with a high-level simulator and in an FPGA based emulator. The design of the interfaces in a commercial CMOS technology as radiation tolerant and low power modules is ongoing and the submission of a test circuit is foreseen in fall 2010. The key features of the protocol are described in this paper as well as its possible application for the transmission from Silicon Trackers to trigger processors with short and constant latency of data to be used for the L1 trigger generation.