Why FIX API?

Why FIX API?
The Financial Information Exchange (FIX) API allows for the seamless exchange of trading information between different financial systems

The rise of automated trading with FIX API

The financial markets have undergone a significant transformation in the past decade, driven by technology and innovation. One of the most notable changes is the rise of automated trading, which relies on algorithms and computer programmes to execute trades with minimal human intervention. This trend has been fuelled in part by the adoption of the Financial Information Exchange (FIX) Application Programming Interface (API), a protocol that allows for the seamless exchange of trading information between different financial systems.
The FIX API has become a critical component of automated trading, providing traders with a standardised language for communicating trading instructions to their brokers and other trading partners.
"The financial markets have undergone a significant transformation in the past decade, driven by technology and innovation"
One of the key advantages of using the FIX API for automated trading is that it allows traders to automate their trading strategies, enabling them to execute trades more quickly and with greater precision. By using algorithms to analyse market data, traders can identify patterns and trends that would be difficult or impossible to detect manually. Once a trading strategy has been developed, the trader can program the algorithm to execute trades automatically, without the need for human intervention.
Another advantage of using the FIX API for automated trading is that it provides traders with greater control over their trades. By using the FIX API, traders can monitor their trades in real time, receiving up-to-the-minute information on price movements, trade executions, and other important data. This allows traders to adjust their trading strategies as needed, ensuring that they are always positioned to take advantage of market opportunities.

Automated trading with Exante.eu

Typically, automated trading with FIX API requires a client account with a broker, and more and more brokers are offering integration with FIX APIs onto trading terminals to assist their clientele in finding better opportunities in the markets.
International broker Exante.eu is licensed in and operates globally, with hubs in the UK, Cyprus, and Hong Kong. They are also compliant with MiFID-II, a legal act of the European Union, which serves as a regulatory framework for financial markets that offers services in the EU.
The broker offers experienced investors the ability to engage in professional algorithmic trading with a great range of supported APIs. This includes HTML API and FIX API. This is complemented by a wide range of over 600,000 financial instruments across 50 global markets. This makes it easy for expert investors to tap into markets directly and diversify their portfolios with ease and independence.
"APIs make it easy for expert investors to tap into markets directly and diversify their portfolios with ease and independence"
The investor signs into their Exante.eu account and requests credentials to gain access to keys. These keys will authenticate their identity and connect them to markets directly. This way, they can request market data, check their trades and transactions, and manage their orders using standard HTTP methods.
Traders must first have access to the Exante.eu trading platform. This is an in-house developed platform that provides direct access to global markets with one single multi-currency account, and traders can access single stocks, ETFs, currencies, bonds, futures, metals, and more. The platform is available on mobile and on desktop, and it was built with a network of servers across the world to ensure ultra-low latency and fast execution.

After set-up

Post-set-up, traders can connect to data centres and hubs around the world, such as those in London, Frankfurt, Chicago, New York, Moscow, and more. The idea is for the trader to connect to the hub closest to the market they want to access. Therefore, if one wants to access trading on the London Stock Exchange, one will connect to a data centre in London.

The cost of automated trading

FIX and WEB API access are free of charge, and they are usually offered by brokers to their clients under certain conditions. For example, before requesting access to LIVE FIX or WEB API, Exante.eu requests client account value to be higher than 50,000 GBP/EUR or other currency equivalent. This is because automated trading is typically in the domain of experienced and expert traders, and they can be complicated for beginner traders to grasp and utilise.

Final words

By using the FIX API, traders can execute trades more quickly and efficiently, taking advantage of market opportunities as they arise. In addition, the FIX API can help traders reduce their trading costs, as it allows them to access multiple trading venues and liquidity pools, ensuring that they get the best possible prices for their trades. This is why more and more brokers are developing their own technology to help their clients gain an edge in competitive, fast-moving markets.
"By using the FIX API, traders can execute trades more quickly and efficiently, taking advantage of market opportunities as they arise"
One way traders can tap into the world of automated trading is through exante.eu. The broker was created by professional traders for professional traders, and they provide an intuitive trading platform that is fully compatible with the use of the FIX 4.4 protocol. This allows experienced traders to reach a new level of hands-off trading with reliability and precision.
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