Coinbase Exchange Adds FIX API

As a next step to take Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading to the mainstream, Coinbase Exchange has added support for the FIX (Financial Information eXchange) protocol.

Coinbase's bitcoin exchange launched about a month-and-a-half ago to much fanfare, claiming to be the first regulated venue. It has since captured roughly 2% of the global bitcoin trading market, and currently ranks fourth, just behind BTC-e, in USD-based volumes.

The FIX protocol was launched in 1992 to increase the speed and efficiency of order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term in the financial markets. It carries information related to order submissions, cancellations and confirmation. It is a self-describing protocol, much like the newer versions of XML.

It has become the standard messaging protocol in equity markets and is gaining traction in FX, fixed income and derivatives markets. It is used by mutual funds, investment banks, stock exchanges and ECNs. More recently, it added support for algorithmic trading.

Coinbase is making the feature available for traders already using software that incorporates the FIX protocol. The company pointed out that other APIs such as REST and WebSockets also provide full functionality, the FIX protocol, in essence, targeting professional traders.