November 21, 2024
An Updated Review on Exante’s Trading Platform Feature: APIs

An Updated Review on Exante’s Trading Platform Feature: APIs

Exante is a remarkable trading platform that provides a range of features to make trading process straightforward and easy for users of all levels. The multi-licensed investment company provides instant market access to multiple financial instruments for traders. Established in 2011 by Alexey Kirienko, Gatis Eglitis, andAnatoly Knyazev, the trading platform is suitable for individuals and corporates. It provides access to 50 financial markets in the US, Europe, Asia, and Australia through its trading platform.

Exante is a leading provider of online trading services, with a powerful platform that offers a range of benefits to traders of all levels. Its clients vary from private investors and wealth managers to family offices and financial institutions. These clients can invest in stocks, bonds, options, futures, currencies, and more. Accordingly, it is no surprise that Exante is licensed by CySEC (Cyprus), FCA (UK), and SFC (Hong Kong).

Exante’s IM (Investment Management) platform offers two main connectivity options for its clients: FIX (Financial Information Exchange) connection and HTTP (Hypertext Transfer Protocol). Both of these options have their own advantages and are suitable for different types of users. In this review, we will discuss the benefits of each option and how they can be used to enhance your trading experience

Financial Information Exchange Connection

FIX is a messaging protocol utilised for real-time exchange of financial information between financial institutions. It is commonly utilised in the trading sector and is known for its efficiency and reliability. Exante’s FIX connection enables clients to connect to the platform through a FIX API (Application Programming Interface), which is a set of protocols and tools for building software applications.

Low Latency

One of the main advantages of using Exante’s FIX connection is its low latency. FIX messages are transmitted in real-time, which means that orders can be executed in a quick and efficient way. This is extremely important for high-frequency traders who wish to execute orders quickly to make use of market movements. The low latency of FIX connection guarantees that traders can react to market changes in real-time.

Reliability

FIX connection is known for its reliability. It is a well-established protocol that has been used by financial institutions for many years. It is a proven technology that has been tested and refined over time. This means that FIX connection is highly reliable and can be used to execute trades without any downtime or system failures.

High Level of Customization

Exante’s FIX connection also provides a high level of customization. Clients can configure their FIX connection to meet their specified trading requirements. This includes setting up custom order types, specifying execution parameters, and configuring risk management tools. This level of customization ensures that traders can execute orders in a way that best suits their trading strategy.

Hypertext Transfer Protocol Connection

HTTP is a protocol used for transferring data over the internet. It is widely used in web applications and is known for its simplicity and ease of use. Exante’s HTTP connection allows clients to access the platform through a web interface, which can be accessed from any device with an internet connection.

Accessibility

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One of the main advantages of using Exante’s HTTP connection is its accessibility. HTTP is a widely supported protocol that can be used on any device with an internet connection. This means that traders can access the platform from their desktop, laptop, tablet, or smartphone. The web interface is also easy to use and requires no additional software installation, making it a convenient option for traders who need to access the platform on the go.

Flexibility

Another advantage of using HTTP connection is its flexibility. The web interface can be customised to meet the specific needs of individual traders. This includes setting up custom watchlists, creating personalised alerts, and configuring risk management tools. The flexibility of HTTP connection ensures that traders can execute trades in a way that best suits their trading strategy.

Security

Exante’s HTTP connection also offers a high level of security. The web interface is protected by SSL encryption, which guarantees that all data transmitted between the client and the platform is secure. This level of security is specifically important for traders who requires access to the trading platform from public Wi-Fi networks or other insecure internet connections.

An incident occurred in Exante sec where it was the target of lawsuits filed by the U.S. Securities and Exchange Commission against it in connection to the largest financial hacking case in history. However, later on the U.S. Commission (SEC) ​rejected claims against Exante.

Conclusion

Exante’s IM platform offers both FIX and HTTP connections, each with their own unique benefits. FIX connection is ideal for high-frequency traders who require low-latency and high reliability. HTTP connection is ideal for traders who require accessibility, flexibility, and security. Whichever option you choose, Exante’s IM platform provides a robust and customizable trading solution that can help you execute trades quickly and efficiently.