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If you are not a FIX API trader, you have to wonder what FIX API is and how it proves to be useful for you. Let's start thinking about improving online API trading as a connection between you and the liquidity provider that executes your trade-in reality. When traders trade via cTrader or MT4, they must accept your trade requests which are then converted to FIX messages and transferred through FIX API sessions to brokers that have been made with their personal liquidity providers. If we speak in terms of MT4, all these conversions are carried out via bridges. 'Bridge' is a plugin available on the MT4 server and is able to change the MQL language to something that meets the standard, or you can say FIX API messages. But when you trade through FIX API connections, you can bypass additional latency installed along with the use of this platform. The term FIX is short for Financial Information eXchange that allows you to trade so that you can become one of the most active traders in modern times. FIX gives you a set of protocols that give you the opportunity to connect to FIX hosts and give you the opportunity to get incoming market data but also get and send order requests and execution confirmation messages.

Institutional members observe the FIX Protocol to be a solid method for remaining associated with customers, member firms and the market when all is said in done. Nonetheless, the uses of the FIX API trading are likewise useful to free retail traders. The essential preferred standpoint for executing a FIX API is the decrease of exchange related idleness. The way toward setting an exchange through a regular programming stage might be streamlined by the usefulness of the FIX API. We should accept that "Alex" is a forex broker intrigued by entering a long position in the EUR/USD. The accompanying advances plot the component of the exchange from the request section to execution at the market: Alex sends a purchase to arrange from the neighborhood programming stage application to the market. Business servers get the demand and convert it into a FIX message field. The new FIX message is transmitted to liquidity suppliers through a built-up FIX API course. Alex's organization is filled at the market. While the facts confirm that web-based trading has exponentially expanded exchange speed, the FIX API makes it a stride further. Had Alex executed a FIX API locally, stages two and three are adequately wiped out. The request is sent straightforwardly from the broker to liquidity suppliers in a procedure alluded to as immediate market gets to (DMA). DMA assumes a key job in lessening exchange related idleness and is a necessary piece of forex exchange and high-recurrence trading (HFT) techniques. FIX APIs are perfect with a tremendous system of businesses and bolstered programming trading stages. The FIX Protocol 4.4 is a well-known instrument for dynamic traders, both retail and institutional. It highlights hearty execution and encourages upwards of 250 value refreshes per second.7) Likewise, FIX Protocol 4.4 coordinates flawlessly with C++, C# and Java programming dialects.