Trading software development company for the forex and CFDs industry Spotware Systems has just announced that it is introducing a substantial new feature to its cTrader platform solution. The team is introducing support for the FIX API protocol, pioneering this feature for retail traders.
FIX API access via cTrader will be available for every account by default. The release is a substantial milestone in the industry, with the team behind cTrader working on the inplementation of the solution since the beginning of the year.
our aim has been to deliver an institutional environment to retail traders
After the completion of the development phase in May, the company has launched an extensive period of testing for three months. Moreover, Spotware Systems is already working on access for the web version of cTrader, which will be another milestone in the industry.
Retail Clients Already Live
Customers of FxPro, IC Markets and Pepperstone are already able to see a new menu item called FIX API in their cTrader, cAlgo and the soon to be released cTrader Web.
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Commenting to Finance Magnates on the launch, the Head of Business Development of Spotware Systems James Glyde said: “From the very beginning our aim has been to deliver an institutional environment to retail traders, this has been achieved through a variety of key areas and this is a major contribution to the industry leading service which our broker-clients can deliver to their traders.”
“We have opened up this feature to any trader, regardless of their deposit size. This is another feature which will be available out of the box to benefit everyone,” Glyde elaborated.
Back in November 2013, Spotware Systems became the first forex and CFDs platform provider to launch netted and hedged accounts within a single platform environment. The addition of FIX API for retail traders will be available for both account types.
The feature does not cost brokerages an extra fee with Spotware Systems not setting any limitations on the number of accounts which can be created via FIX APIs. Normally brokerages are introducing additional requirements for clients that are trading through FIX API’s, which makes the feature prohibitive for a number of customers. These requirements have been waived with the integration into cTrader.
The move is likely to boost the appeal of the trading platform for some brokerages that have been focused on clients that are looking for advanced features. The new tech is undoubtedly going to boost the appeal of Spotware Systems’ trading platform solution on the market.