FXSt​reet has re​cen​tly pu​bli​shed our edu​ca​tio​nal ar​ti​cle on the advan​ta​ges of API-ena​bled tra​ding pla​tfo​r​ms in the mo​dern day. Explo​ring the tran​sfo​r​ma​tions on the tra​ding in​du​stry over the past yea​rs, the ar​ti​cle covers the na​tu​re of APIs, as well as the oppo​r​tu​ni​ties an open API gran​ts to bro​kers and their tra​ders.

cT​ra​der’s open API in pa​r​ti​cu​lar allo​ws bro​kers and thi​rd-pa​r​ty deve​lo​pers to bui​ld too​ls on top of the cT​ra​der in​f​ra​st​ru​ctu​re, allo​wing users to acce​ss tra​ding hi​sto​ry and hi​sto​ri​cal pri​ce data, as well as gran​ting them abi​li​ty to exe​cu​te tra​ding on be​ha​lf of tra​ding accoun​ts.

cT​ra​der is a pro​mi​nent exa​mple of the su​cce​ssful Open API usa​ge, al​rea​dy boa​sting an en​ti​re eco​system of con​ne​ctions from tra​ding ana​lysis servi​ces (e.g. myfxbook) to in​te​g​ra​tions with other tra​ding appli​ca​tions (e.g. Quan​to​wer and Nin​ja​T​ra​der), and even cu​stom-made bro​ker in​ter​fa​ce crea​tions.

The API eco​no​my is expe​cted to be the cen​ter of next ma​jor deve​lo​pmen​ts and an API-fo​cu​sed vi​sion is key to any co​mpany loo​king to su​cceed in the tra​ding in​du​stry in the fo​llo​wing yea​rs.

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