Boston Technologies Launches CFD Trading on FIX API 4.4, Adds Support for XW Trader
- The company has also fully integrated Forexware's XW Trader solution and added support for fill-or-kill orders used by professional investors to get complete fills on large ticket sizes instead of partial execution.
In a note sent out
to clients, Boston Technologies announced that it is launching some additional features to its FIX API solution. Up until now the feature was available only through the firm's MetaTrader 4 platform. The company will provide a list of 15 CFDs including a dozen of major global indices, crude oil, natural gas and copper contracts.
More changes have come to the offering - alongside an upgrade to FIX API version 4.4, a new platform solution is now available for clients. They now have access to Forexware's XW Trader which will allow customers to place manual hedges if needed on their corporate account.
The move comes following the July acquisition of Boston Technologies by Forexware. The companies have since engaged in restructuring and integration efforts.
Two order types are available to clients of FIX API by Boston Technologies - LIMIT FOK (Fill-Or-Kill) and Market orders. The fill-or-kill orders are widely used by traders in more volatile conditions to prevent Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term especially when they are looking to execute rather large orders and want those to get filled at a certain price.
If the whole amount of the order is not available on the market place, the order is then cancelled.
"With the addition of CFD trading, the ability to place manual hedges onto clients corporate accounts, and an introduction of reporting APIs for seamless integration with third party backoffice systems, Boston Technologies is now well-positioned to facilitate the needs of our growing customer base," the company's Vice President of Worldwide Sales, Natallia Hunik, shared with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.
In a note sent out
to clients, Boston Technologies announced that it is launching some additional features to its FIX API solution. Up until now the feature was available only through the firm's MetaTrader 4 platform. The company will provide a list of 15 CFDs including a dozen of major global indices, crude oil, natural gas and copper contracts.
More changes have come to the offering - alongside an upgrade to FIX API version 4.4, a new platform solution is now available for clients. They now have access to Forexware's XW Trader which will allow customers to place manual hedges if needed on their corporate account.
The move comes following the July acquisition of Boston Technologies by Forexware. The companies have since engaged in restructuring and integration efforts.
Two order types are available to clients of FIX API by Boston Technologies - LIMIT FOK (Fill-Or-Kill) and Market orders. The fill-or-kill orders are widely used by traders in more volatile conditions to prevent Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term especially when they are looking to execute rather large orders and want those to get filled at a certain price.
If the whole amount of the order is not available on the market place, the order is then cancelled.
"With the addition of CFD trading, the ability to place manual hedges onto clients corporate accounts, and an introduction of reporting APIs for seamless integration with third party backoffice systems, Boston Technologies is now well-positioned to facilitate the needs of our growing customer base," the company's Vice President of Worldwide Sales, Natallia Hunik, shared with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.