New ESMA measures for retail traders

In March 2018, the European Securities and Markets Authority (ESMA) announced having agreed on a range of measures intended to harmonize EU-wide regulation and to provide better protection to retail clients trading leveraged products, like CFDs. The new measures will take effect from 30 July 2018. ESMA’s new rules will only affect Retail Clients. If you are classified as a Professional Client then these rules will not apply to you. Professional traders (or Professional clients) meet two of the three following criteria: have carried…

Trading via FIX API protocol

FIX (Financial Information Exchange) API (application programming interface)  is an electronic communications protocol for financial information exchange. In our case, we use it to allow communication between a client, trader, investment fund, or broker and a liquidity provider. FIX API is a universal standard. It’s used by numerous banks, prime brokers, and hedge funds. The origins of FIX API date back to the early 1990s, when several volunteer programmers were seeking opportunities for communication support when trading stocks. In 1998, this team of…