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

In a note sent outBoston Technologies Foreswore 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.

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The move comes following the July acquisition of Boston Technologies by Forexware. The companies have since engaged in restructuring and integration efforts.

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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 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 Magnates.

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