cTrader multi-asset trading platform adds hedging support to FIX API

cTrader multi-asset trading platform adds hedging support to FIX API

Do not invest more money than you can afford to lose.


Software developer Spotware Systems has introduced to the cTrader trading platform the option to  trade with hedging accounts via FIX API technology, the developer announced over the weekend.

The scope of cTrader’s FIX API now includes application messages for request for positions and position report to allow traders to manage open positions through FIX API. The developer has also provided code for a sample application written in C# to highlight how to send and receive FIX messages to and from the platform.

As a result, FIX API with hedging account is now available from any broker offering cTrader. Making cTrader FIX API compatible with hedging accounts has removed the complication of many retail focused brokers not offering the netting account type to their clients despite the possibility in cTrader.

“FIX API is typically used for netting purposes due to the institutional origin and popular application of the API,” said James Glyde, CCO at Spotware Systems. “This limitation continues to exist despite the growing sophistication of retail traders and their demand to have access to institutional grade technology yet continue trading with the familiar hedging account type which their strategies are based upon,” he added.

In August last year, cTrader added default FIX API credentials for all accounts, live or demo, without any minimum requirements.

FIX API stands for financial information exchange application programming interface. It is an electronic communications protocol for financial information exchange and is used for communications between a client, trader, investment fund or broker and a liquidity provider. The FIX API is a universal standard that was first developed by programmers in the early 1990s to provide communication support when trading stocks.

The FIX API provides more control over the interface and functionality of an existing trading platform, faster order execution, better safety and anonymity and improved connection with the liquidity provider.

The platform developer also introduced earlier this month several other improvements to cTrader, as well. Following is the full list of enhancements:

  • QuickTrade Settings Rearranged – QuickTrade settings have been rearranged to provide a clearer understanding of how this feature works and accommodate more options. Stop or Limit Orders created from the chart now using the QuickTrade settings applied here.
  • Limit and Stop Orders Separation – Limit and Stop Orders have been separated in the New Order window and have their own screen in order to simply the process of creating pending orders. Expect more new order types soon!
  • Symbol Panel – When a Symbol is clicked, details will be shown in the bottom of the MarketWatch, this section is the Symbol Panel. This feature can be disabled by right clicking the MarketWatch and selecting “Symbol Panel: Off”. This section can adjusted and detached.
  • Absolute or Relative Protection – When applying Stop Loss and Take Profit points for Stop or Limit Orders you can now choose whether to set it in Pips or Price.
  • Set Risk Level – When applying Stop Loss and Take Profit points for Market Orders the level of Profit or Loss can be applied as a percentage of Balance that should be risked or earned as well as the above mentioned Absolute or Relative values.
  • Order Volume Spin Button Control – A Spin Button has been added to help control the size of orders by increasing or decreasing by the minimum allowed steps. Order volumes can be modified more precisely than using the mouse wheel to scroll through the preset values.

cTrader is an electronic communication network (ECN) trading platform that provides full Straight Through Processing (STP) access to the forex market. It features a comprehensive charting, a wide range of order types, technical analysis, custom indicators, and a quick-trade option.

The platform is available for desktop, mobile and web users. It is offered by a number of forex brokers, including RoboForex, TradeView, IC Markets, OctaFX, MaxFX, FxPro, and others. Its main competitors are MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5), both developed by Russia-based trading software developer MetaQuotes.

Cyprus-based Spotware Systems also offers mirror trading platform cMirror, algo and technical indicator coding application cAlgo, cloud-based solution cServer, and agnostics aggregator cAggregator.

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