US forex giant Forex Capital Markets (FXCM) said on Tuesday it has enhanced its application program interface (API) technology services for all clients, being it technology providers, retail or institutional traders.
The broker’s offering now includes the following:
- for algorithmic traders – FXCM offers Marketscope Indicore, a solution for the most common API needs. The indicator provides access to 15 pre-built open source strategies and 53 indicators, dree data on more than 80 instruments and a full range of order types. It is best suitable for back testing and strategy optimization when building a customized trading strategies.
- for technology and cloud providers – for such clients, FXCM offers solutions that for implementing rates and account information and the ability to send or modify orders. These are ForexConnect, the most robust API offered by the broker with support for multiple programming languages and platforms, and Java products for developing client or server-side applications. Java solutions are based on the FIX specification for forex and customized for trading and ForexConnect has capabilities of FXCM’s Trading Station GUI.
- for institutional traders – for institutional trades, brokers, manage managers, or professional traders, FXCM’s FIX API solutions represent a messaging standard designed for real-time, global trading transactions. It offers the most advanced interface with the largest amount of pricing data per second, market depth, and EMF messaging making it possible to receive fast trade confirmation. The service requires clients to hold an account with a $25,000 minimum balance.
FXCM is a registered futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France. The broker offers forex, CFDs, and spread betting services.
The FXCM Group is 50.1% majority owned by FXCM Inc. The rest of the group moved to the hands of US lender Leucadia National Corporation earlier this month as part of a a definitive agreement the two companies signed to amend the conditions of their credit letter agreements.
Last week, FXCM Inc. announced it is moving to the NASDAQ Global Market as of the coming Monday from the New York Stock Exchange.