FIX API and Trade Processor: better together

Author: Alexey Kutsenko

FIX API is built into the Trade Processor (TP), and today we would like to talk about the opportunities that it unlocks.

First and foremost, FIX API enables brokerage companies to provide their own liquidity, i.e., become a liquidity provider for other brokers. Trade Processor has two built-in solutions that help utilise this functionality:

1. FIX API with built-in Margin Engine

Brokers that provide liquidity to their clients can create accounts for them right in the Trade Processor. The built-in Margin Engine takes care of all accounts’ statistics, such as balance, margin, equity, stop out, and allows the monitoring and controlling of each account's trading process.

The accounts can have one or multiple FIX sessions linked to it. With its help, clients can send trading orders and receive Market Data. Clients can also access a built-in web-interface that shows their trading statistics, as well as trading history.

2. FIX API with MT5 synchronisation

Here, instead of using a margin engine in Trade Processor, we are using the MT5 account. It executes all trading operations on the mt5 trading account and then sends data back to the Trade Processor, ensuring complete synchronisation with MetaTrader 5.

All settings and installed plugins of MT5 trading server will apply for MT5 accounts syncronised with FIX API of Trade Processor.

Additional ways of using FIX APIs

Another use case for FIX APIs is when a broker needs to integrate their own trading platform or any other trading software with Trade Processor. In order to facilitate the integration, brokers can use the Extended FIX API, which helps send requests to the Trade Processor from external trading systems.

Advanced setup of FIX API helps send across additional parameters of the trading platform, such as login and group information, to accelerate the integration. In that case, TP and the trading platform work together the same way as TP would work with MT4 or MT5. It means that the bridge allows the platform to use all built-in capabilities of execution setup based on the shared data about group and login in every request.

Ps - where did FIX API come from?

FIX API utilises FIX (Financial Information Exchange) protocol. FIX protocol is an e-communications protocol created in 1992 to enable and support international real-time exchange of equity trading information. The protocol came as a replacement to inefficient verbal data exchange and helped to significantly improve the security and accuracy of the process.

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