cTrader’s Hedging Accounts Garner FIX API Trading Compatibility

Spotware Systems, a trading software development company for the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) and contracts-for-difference (CFDs) industry, has added a FIX API FIX API The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol Read this Term trading capability for hedge funds through its cTrader platform.

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Last year, the group first unveiled landmark changes to its cTrader platform solution, including support for the FIX API protocol, which extended this feature for retail traders. Since then, cTrader’s FIX API now includes a wide range of application messages for Request for Positions and Position Report, thereby enabling traders to manage open positions via FIX API.

The development of making cTrader FIX API compatible for hedge fund accounts is important as it helps streamline retail broker operations, namely with regard to prior complications surrounding the conversion and retention process.

According to James Glyde, CCO, Spotware Systems, in a recent statement on the support: “We are pleased to be able to deliver another key differentiator between cTrader and other platforms as we continue to increase the value we give to traders and provide honest and useful conversion and retention tools for our broker-clients.”

“FIX API is typically used for netting purposes due to the institutional origin and popular application of the API. This limitation continues to exist despite the growing sophistication of retail traders and their demand to have access to institutional grade technology yet continue trading with the familiar hedging account type which their strategies are based upon,” he added.