Retail FX and CFDs brokers, Tastytrade and LiteFinance on Monday separately disclosed new updates about their brokerage business. While the former launched an application programming interface (API), the latter released a ‘new and improved’ version of its mobile trading application for iOS devices.

Tastytrade Introduces 'tastytrade-API'

Tastytrade explained that the new interface tagged 'tastytrade-API' offers its users the ability to “build software applications to trade with their tastytrade accounts, analyze market data and connect to other applications and services.”

“Tastytrade offers a fully functional sandbox environment to test out all strategies and applications before customers use their live accounts, as well as a software development kit with sample code to get customers started with building their own trading platforms and retrieving market data,” Tastytrade explained in a statement.

On the other hand, LiteFinance noted that the new version of its application designed for the Apple App store offers features, such as over 190 trading instruments, copy trading system, professional market analysis and 75 built-in indicators. In addition, it offers more than 100 graphical analysis tools, one-click trading and automatic withdrawal of funds up to $3,000.

“The LiteFinance development team has significantly improved the app's performance, making it much faster and more stable,” LiteFinance said. “In addition, many new instruments have been added to the list of technical indicators and graphical analysis methods.”

Tastytrade Rebrands

In February, Tastytrade rebranded from Tastyworks, taking on the old brand name of the online financial network, Tastylive, which until December last year was known as Tastytrade. However, both Tastylive and Tastytrade are part of IG Group, a London-headquartered spread betting and CFD trading provider.

Tastytrade through its platform offers options, futures and crypto trading to retail investors. LiteFinance, which rebranded from LiteForex in 2021, provides its clients access to forex and CFDs on stocks, indices, commodities and cryptocurrencies.