FIX API (Institution Version) ~

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  • Post by Fintechee
  • Jan 18, 2020
FIX API Trading Platform serves as Fintechee WEB Trader's FIX Engine. FIX API Trading helps traders have lower execution time

Fintechee supports FIX API. FIX is the so-called Financial Information eXchange (FIX) protocol. It is a message-based standard for the real-time electronic information exchange for security institutional transactions. FIX API Trading helps traders have lower execution time. QuickFIX is a full-featured messaging engine implemented for the FIX protocol.

We use Quickfix 2.X as our FIX engine and FIX4.4 as the version of the FIX protocol. Besides Quickfix, we apply the latest technologies to implement the backend. Fintechee is a full-featured FIX API trading software.

FIX API Trading Platform is a feature that Fintechee WEB Trader‘s backend provides. It helps traders connect with liquidity providers to get streaming quotes.

Fintechee developed two kinds of FIX API Trading Platforms. One is for financial institutions, such as brokers, white labels, the other one is for individual traders. Fintechee’s FIX API Trading Platform for Institutions serves as WEB Trader’s FIX Engine.


FIX API

FIX API is an application programming interface for FIX, the message-based standard for the real-time electronic information exchange for security institutional transactions.

Retail brokerages need to transmit their risk exposure of the trade positions by sending orders to the layer above them.

70% of financial institutions communicate with each other via FIX API.

FIX API is difficult to communicate with. You need to have skills to parse the messages like 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

It’s really hard to read and understand the meanings that the messages involved, right?

No worries! Fintechee helps you out of these hoops. You don’t need to parse these messages anymore. What you need to do is just trading as normal. Another piece of good news is that Fintechee’s FIX API Trading Platform has an individual version. Now, individual traders can own a dedicated FIX API trading environment and trade like financial institutions. Please read this article: FIX API(Individual Version) to know more details.


Integrate with FIX Engine

More than 20 liquidity providers who integrate with FIX API trading platform as well collaborate with us. Brokers have more choices to connect via our FIX engine.

  • We can communicate with almost all kinds of financial institutions besides Forex brokers, such as banks, stock brokers, liquidity providers, crypto exchanges.
  • Traders can do High-Frequency Trading(HFT). Our FIX API trading platform can get and transfer market data faster than other non-FIX trading platform.
  • Brokers needn’t buy any other FIX bridge plugIn. Our all-in-one package does all these things for you.

If you have no idea about where FIX Engine is in the “Map”, please read this article: Fintechee Trading Platform Architecture to have an imagination about the figure of Fintechee.


Order Router Management

“Order Router Management” is one feature that our backend provides. The “Price Aggregator” analyzes the quotes and helps traders identify which liquidity provider offers the lowest ask quote or the highest bid quote. Then the “Order Router Management” sends orders to appropriate liquidity providers to minimize the cost.

Regarding “Price Aggregator”, please refer to our other introduction: Price Aggregator


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.


Reactive Programming

Our FIX API trading platform applies “Reactive Programming” technology which helps speed up transferring data and promotes the response time by non-block calling.


RESTful API

Our backend opens RESTful APIs to traders. We allow traders to develop their own frontend WEB applications to access their accounts created on brokers via our RESTful APIs. Traders can extend features by themselves. Our server package allows cross-origin access. The brokers’ websites authorized will be put into our white list to get the allowance to access our RESTful APIs.


Online Demo

We provide an online demo for you. The backend is based on FIX API trading platform. Please try it for free: WEB Trader.


Patents

We have registered patents to make exclusive experience enjoyable only here.


Who We Cooperate with?

Please check the materials below to know how we can work with you:

If you have any questions, please contact us.

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