The API Trading Advantage

One has only to understand a simple analogy to understand why institutional traders - forex dealers, hedge funds, money managers, treasuries, and corporations - prefer to trade via their proprietary API driven platforms, not the forex dealer's resident platform.

Imagine for a moment that you are the coach of a football team and that the rules require you to signal the opposing coach every time your team is going to throw a forward pass. Is that a rule you could live with?

Would it surprise you to discover that a similar rule applies when you trade the forex using a dealer’s resident platform? Well, it does.

As it stands today, when you trade with forex dealers via their resident trading platforms, you have no choice but to provide advanced notice of your intentions and this occurs every time a limit order is created or a submitted market order is accompanied by a standing stop loss or take profit order. The mere presence of these visible follow on orders on your dealer’s server makes it easier for the dealer to trade against your position and/or collective/cumulative orders of others.

FxSpyder’s universal, API platform denies the dealer the advantage of having access to your exist strategy. Orders executed through FxSpyder do not reside on the dealer’s platform. They remain on your computer until the specified market price has been reached at which time they are forwarded to the dealer for execution.

In the final analysis, the advantage is obvious. API trading levels the playing field.

Institutions trade against the dealer's API using internally developed and costly proprietary platforms. As a retail trader, you can trade through FxSpyder and get the same trading advantages without incurring extraordinary expense.

For more detailed information regarding API trading, refer to the following API program description provided by OANDA, the first forex dealer to fully support FxSpyder. OANDA clients who trade through FxSpyder do not pay OANDA to gain access to their API which on an individual basis can run as high as $600 a month. You will not incur that cost trading through FxSpyder's proprietary API trading platform. It's available on a FREE or FEE basis.

OANDA API Program Description*

* The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.