Online FIX API Trading Service
Fintechee supports Online FIX API Trading Service. FIX stands for Financial Information eXchange (FIX) protocol, a message-based standard for real-time electronic information exchange in security institutional transactions. FIX API Trading helps traders achieve lower execution times. QuickFIX is a comprehensive messaging engine implemented for the FIX protocol.
Fintechee has developed two types of FIX API Trading Platforms. One is designed for financial institutions, such as brokers and white labels, while the other is tailored for individual traders. Fintechee’s FIX API Trading Platform for Institutions serves as the FIX Engine for WEB Trader.
The institutional version is well-suited for brokerages and fund managers. However, for individual traders, the operational costs of such a large system are too burdensome, and some features are unnecessary.
FIX API Trading Platform
FIX API Trading Platform (FIX API Platform) is a functionality provided by Fintechee WEB Trader’s backend. It facilitates traders in connecting with liquidity providers to obtain streaming quotes.
We utilize Quickfix 2.X as our FIX engine and FIX4.4 as the version of the FIX protocol. In addition to Quickfix, we leverage the latest technologies for our backend implementation. Fintechee is a fully-featured FIX API trading software.
No Alternatives
Now, we present a new version tailored for individual traders. We’ve crafted a more compact yet full-featured edition, enhanced by FIX API connectivities. This version is designed for desktop installation. The server side (the backend of the institutional version) has been restructured into a component that operates on the PC. Individual traders can easily download the package, install it on their desktops, and seamlessly access liquidity providers. Opting for this version eliminates the need to access the server-side. You will have a standalone WEB server running on your PC, providing an exclusive trading experience.
FIX API
FIX API is an application programming interface for FIX, the message-based standard facilitating real-time electronic information exchange in security institutional transactions.
In our FIX API trading platform individual version, there are no brokerages or a WEB server acting as a counterparty, as it is installed directly on your local PC. To manage your open trade positions, you must transmit orders to the layer above.
Approximately 70% of financial institutions engage in communication using FIX API.
Working with FIX API can be challenging. It requires skills to parse messages, as demonstrated in the following examples.
8=FIX.4.4 9=171 35=D 34=4 49=XXXXX 52=20210326-19:30:52.331 56=YYYYY 11=1616787052330-2 22=111 38=0.01 40=1 48=BTC 54=2 55=BTC 59=0 60=20210327-03:30:52.331 10=083
8=FIX.4.4 9=273 35=8 34=6 49=YYYYY 52=20210326-19:30:52.571 56=XXXXX 1=xxx 6=0.000 11=1616787052330-2 14=0 17=xxxxx 22=111 37=xxxxx 38=0.01 39=A 40=1 48=BTC 54=2 55=BTC 59=0 150=A 151=0.01 10=192
8=FIX.4.4 9=273 35=8 34=7 49=YYYYY 52=20210326-19:30:52.635 56=XXXXX 1=xxx.001 6=0.000 11=1616787052330-2 14=0 17=xxxxx 22=111 37=xxxxx 38=0.01 39=0 40=1 48=BTC 54=2 55=BTC 59=0 150=0 151=0.01 10=071
8=FIX.4.4 9=297 35=8 34=8 49=YYYYY 52=20210326-19:30:52.638 56=XXXXX 1=xxx 6=53755.720 11=1616787052330-2 14=0.01 17=xxxxx 22=111 31=53755.72 32=0.01 37=xxxxx 38=0.01 39=2 40=1 48=BTC 54=2 55=BTC 59=0 150=F 151=0 10=081
Understanding the meanings conveyed in these messages can indeed be challenging, isn’t it?
No need to worry! Fintechee is here to simplify things for you. You no longer have to manually parse these messages. All you need to do is trade as usual. And here’s more good news: Fintechee supports Automated Trading. Algorithmic traders can now code programs, similar to the example below, and run them directly in browsers.
function sma (dataInput, dataOutput, calculatedLength, period) {
var i = calculatedLength
if (calculatedLength > 0) {
i--
} else {
for (var j = 0; j < period - 1; j++) {
dataOutput[j] = 0
}
i = period - 1
}
var sum = 0
for (var j = i - period + 1; j < i; j++) {
sum += dataInput[j]
}
for (var j = i; j < dataInput.length; j++) {
sum += dataInput[j]
dataOutput[j] = sum / period
sum -= dataInput[j - period + 1]
}
}
Integrate with FIX Engine
More than 20 liquidity providers that integrate with the FIX API trading platform also collaborate with us, offering brokers increased connectivity options through our FIX engine.
- We can establish communication with various financial institutions beyond Forex brokers, including banks, stock brokers, liquidity providers, and crypto exchanges.
- Traders have the capability for High-Frequency Trading (HFT). Our FIX API trading platform can swiftly acquire and transmit market data at a pace faster than other non-FIX trading platforms.
- Brokers are not required to purchase additional FIX bridge plugins. Our all-in-one package seamlessly handles all these functionalities.
For those unfamiliar with the placement of the FIX Engine in the “Map,” please refer to this article: Fintechee Trading Platform Architecture for an overview of the Fintechee figure.
Campaign
We run multiple campaigns concurrently, each targeting specific user groups. Therefore, please review the campaigns to ensure that you fall within the intended scope of a particular campaign.
Presently, we are hosting a FREE campaign exclusively for Github users. If you are a Github user, kindly visit our campaign page for more details.
We consistently launch free campaigns, and we encourage you to subscribe to our free newsletters to stay informed about our latest updates.
The Differences between the Institutional Version and the Individual Version
You may have observed that our featured image highlights the distinctions between the institutional version and the individual version of our FIX API trading platform.
In our individual version, traders benefit from a dedicated trading environment. They can submit orders to liquidity providers without relying on the WEB server offered by the institutional version. This simplifies the interaction between traders and liquidity providers, creating an enhanced experience for advanced traders.
In addition to FIX API connectivity with all liquidity providers, our institutional version supports multiple-user management, a price aggregator, and a smart order routing system. For more detailed information, please refer to these articles:
- FIX API Trading Platform(Institutional Version)
- Differences between the Institutional Vesion and the Individual Version
Instruments and Liquidity Providers
Forex instruments, such as EUR/USD, USD/JPY, GBP/USD… are the mainly traded instruments on our FIX API trading platform.
Additionally, CFD, Stock, Cryptocurrencies, even Spread Betting are supported as well. We have 20+ Liquidity Providers to standby waiting for your choosing.
Online Demo
We provide an online demo for you. The backend is based on FIX API trading platform. Our FIX API trading platform individual version is similar to this trading environment. Please try it for free: WEB Trader.
How to Use it?
- Download the FIX API program by clicking on this link: FIX API Individual Version.
- Create an account with one of the Liquidity Providers that collaborates with us. (Even if your preferred liquidity provider is not currently listed among our partners, we can still assist you.)
- Contact us to obtain the unique license key required for program activation: admin@fintechee.com.
- Install Stunnel on your local PC to ensure a secure connection (this is a requirement for all liquidity providers).
- Optional: Certain liquidity providers may mandate the provision of static IP addresses for security reasons, but most home internet accesses use dynamic IP addresses. To address this, we recommend setting up a VPS environment.
- Regularly check our Github repository for updates. We will consistently update the necessary files for the FIX API trading platform individual version in our Github repository: FIX-API-Pro.
If you have participated in our campaign, the license key would have been generated on the campaign form. In this case, kindly manage the license key on your own, as we cannot retrieve it for you.
Pricing
Please check this article for more details: Individual Traders.
Who We Cooperate with?
Please check the materials below to know how we can work with you:
