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FIX / API: A Protocol for Sophisticated Traders

FIX API is an industry term that sophisticated traders know well, but others have very little understanding of. I can’t tell you how many times customers approach me asking for a FIX API, yet have no clue what it is or what to do with it. They just think they need it because that’s how the “big guys” trade. For those people who are a little confused about this topic, I wanted to take a few minutes to briefly explain what a FIX API is and who it really benefits.

What is a FIX API?

FIX (Financial Information Exchange) API (application programming interface)

FIX stands for “Financial Information Exchange” and API stands for “Application Programming Interface”.

The FIX protocol system allows the transfer of electronic information between the trader and liquidity provider, allowing for quick and accurate execution. FIX protocol is the standard language not just for FX market, but all financial products including equities and options.

It is essentially how the whole financial system communicates, transferring data, trades, etc from one place to another.

In FX, a FIX API has two “streams”. The first is a data stream sending prices from the broker to the client. The second is the trade stream which processes the trade orders from the client to the broker.

Who needs a FIX API?

  • A high frequency trader with automated trading strategies that would otherwise be limited on traditional trading platforms.
  • Retail forex brokers needing access to pricing and liquidity.
  • Customers who do not want to use a broker’s available trading platforms. They have the ability to build their own customized systems, yet still be able to access the firm’s liquidity pool.
  • Clients who want to maintain a level of anonymity with their counter-parties.

How do I get a FIX API?

If you find yourself in one of the above categories, the first step is to locate a broker that can provide you with the best trading environment to meet your needs. Then you must find out if FIX API trading is available. Not all brokers are able to provide this service, and if they do, many have different requirements to gain access.

Tradeview offers a unique product. We have partnered with the top technology providers in the industry to develop a FIX API solution that connects directly to an MT4 account. Clients can connect to our deep liquidity pool via FIX API, but still be able to monitor the account’s positions through the familiar MetaTrader 4 platform. This is the best of both worlds. Having the ability to create your own black box system or offset trade flow with the API, but also be able to utilize the most popular retail trading platform in FX.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.