Trade FX with FIX API: Access to Liquidity Provider

According to Techopedia, FIX API is a set of clearly defined rules and methods designed specifically for the electronic transfer of financial data. In terms of the industry, it is electronic communications protocol for real-time information exchange for financial securities transactions. 

Based on the technology, FIX API has proven to be the fastest and one of the most secure ways to trade in forex. The FIX API helps traders connect with liquidity providers to get streaming quotes. FIX API also facilitate the transmission of three data types:  

– Pre-trade: Pre-trade information is used in crafting strategies and decisions for implementation on the market. This type of data includes levels of liquidity, order flow and depth-of-market statistics streaming directly from exchange or market servers. 

– Trade: Trade-related information is focused on the act of conducting trade. Order entry, confirmation and execution functions involve the transfer of data through FIX. 

– Post-trade: Post-trade data aids in the recording, processing and transfer of asset ownership involved with market-based transactions. 

For institutional participants, the FIX Protocol has been a reliable way to allow communication between clients, member firms and the market in general.  

However, the applications of FIX are also beneficial to independent retail traders. The primary advantage to implementing a FIX API is the reduction of trade-related latency. 

In addition, FIX API are compatible with a vast network of brokerages and supported software trading platforms. 

In our case, FIX API is a way to connect directly with a particular Liquidity Provider or aggregator. 

At Doo Clearing, FIX API function is to connect seamlessly to an aggregator or by chosen, or to an MT4 or MT5 bridge provider.  

Doo Clearing offers algorithmic and high-frequency traders in the best trading environment. Our technology and pricing solutions ensure that traders experience all the benefits of an aggregative, low latency trading environment. 

Doo Clearing enables direct access to consistent, reliable bank and non-bank price liquidity covering a wide range of instruments. 

As conclusion, since its inception in 1992, the FIX Protocol has contributed to the speed and efficiency of the digital marketplace. 

About Doo Clearing 

Doo Clearing Limited is a UK-based spot forex and contract for differences (CFDs) liquidity provider authorised and regulated by the FCA (FRN: 833414) to arrange and deal in rolling spot FX and CFDs with eligible counterparties and professional clients. 

Doo Clearing offers a comprehensive liquidity clearing system that includes modules such as liquidity access, quotation aggregation, liquidity distribution, risk management, full MetaTrader 4/MetaTrader 5 systems integration, reporting and system health monitoring. 

For more information, please contact our expert support team: 

London Office 

Email: [email protected] 

Website: www.dooclearing.co.uk 

Hong Kong Office 

Email:  [email protected] 

Website: www.dooclearing.com