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FIX API Trading

25 November 2015

One relatively unknown – but valuable – component of our offering is FIX API trading.

This blog post provides a brief outline of what FIX is, what advantages it might offer to certain traders, and what our FIX package includes. Let us know if you feel any more information belongs in this blog post and we’ll be happy to update!

What is FIX?

FIX (short-hand for financial information exchange) is an open protocol used by financial institutions and independent traders of financial assets worldwide to trade.

fixproto

The FIX messaging standard is owned, maintained and developed through the collaborative efforts of FIX Trading Community™ member firms, which include many of the world’s leading financial institutions. These firms work together to ensure that the standard continues to meet emerging trading requirements and to promote its increased adoption, which presents huge potential benefits across the financial community.

Drawing an analogy with languages – you can think of FIX as a common language / lingua franca of sorts understood by all market participants when it comes to exchanging trading with each other.

What’s the point for me?

The 2 core benefits of FIX vs. MT4 – depending on your requirements – are flexibility and performance.

Flexibility accrues both on availability of order-types and platform independence. FIX is an order driven protocol – giving you access to the full market-depth (as opposed to just Top of Book) and the breadth of order-types available in the institutional market – many of whom are not supported by a trade-driven platform like MT4.

Flexibility also accrues from platform independence. EAs are MQL4 scripts – written in a specific language, for use with a specific trading platform (MT4). Whilst there’s a large community of developers in MQL, MQL4 algos do not carry over to other trading platforms without re-coding, because scripting language and trading platform are bundled.

By contrast, FIX is a universal standard – allowing you to program your algorithms in any programming environment, and send trades to any FIX compliant destination – which is not  a restriction since it’s universal – without the need to recode the core algorithm.

On latency, through FIX you’re tapping into the LPs directly, as opposed to through an additional technology layer (MT4 server): by definition FIX will be quicker by MT4’s internal processing time. Whether this makes a difference or not depends on the strategy: if time is of the essence (HFT, scalping, etc.) this might make a difference.

What does the Darwinex FIX package offer?

We provide a FIX connector through our bridge provider – PrimeXM – based on FIX 4.4 protocol.

Our service package includes the following:

  1. A choice of Liquidity Providers – trade with either of our Prime Brokers (Saxobank or the LMAX Exchange in London). Each of them aggregate 15+ bank and non-bank Liquidity Providers (LPs)
  2. A pricing account – with tick level market depth via a dedicated connection for all the symbols you wish to trade
  3. A trading account – allowing you to trade directly against the liquidity sources
  4. (Optionally) An MT4 hedge account – allowing you to both trade and monitor your exposure. This can be useful for practical purposes (tax statements) or accessibility (e.g. you could manage your FIX account on mobile).

We offer the package for a one-off fee of USD 500 and a minimum overall deposit of USD 5000 due to the fact that this is a non-standard set-up which incurs additional support costs for us. Furthermore, we reserve the right to evaluate each application on a case by case basis.

If you wish to discuss our FIX offering further, feel free to reach out to info@darwinex.com and we’ll be delighted to assist!

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UK Parliament Vote on EU Withdrawal Bill (11 December 2018)

9 December 2018

We would like to remind you that the UK Parliament will vote on the EU Withdrawal Bill on 11th December 2018. There is a high degree of uncertainty as to the outcome of the vote and all GBP currency crosses are likely to experience significant volatility with increased risk of market gaps. It is important that you […]

We would like to remind you that the UK Parliament will vote on the EU Withdrawal Bill on 11th December 2018.

There is a high degree of uncertainty as to the outcome of the vote and all GBP currency crosses are likely to experience significant volatility with increased risk of market gaps.

It is important that you have sufficient margin coverage and are comfortable with the exposure on your account as our margin requirements may change going into the vote or depending on the outcome of the vote.

Please feel free to contact us at info@darwinex.com should you need assistance in this regard.

Amended Trading Hours US National Day of Mourning on December 5th 2018

4 December 2018

Please note the amended Darwinex trading hours for the upcoming US National Day of Mourning on December 5th 2018. All times are in UK (GMT+0) time.    Instrument December 5th 2018  INDICES    US SPX 500 23:00 Tue – 14:45 Wed  US Tech 100 23:00 Tue – 14:45 Wed Wall Street 30 23:00 Tue – 14:45 Wed […]

Please note the amended Darwinex trading hours for the upcoming US National Day of Mourning on December 5th 2018. All times are in UK (GMT+0) time.


 

 Instrument December 5th 2018
 INDICES  
 US SPX 500 23:00 Tue – 14:45 Wed
 US Tech 100 23:00 Tue – 14:45 Wed
Wall Street 30 23:00 Tue – 14:45 Wed
 STOCKS  
US Stocks CLOSED

 


The rest of the assets will trade according to their usual trading time. As always, at info@darwinex.com we’ll be happy to assist you!

Amended Trading Hours for the 2018 US Thanksgiving Holidays (Nov. 22nd and 23rd)

20 November 2018

Please note the amended Darwinex trading hours for the upcoming US Thanksgiving holiday period on 22nd and 23rd of November 2018. All times are in UK (GMT+0) time.    Instrument November 22nd 2018 November 23rd 2018  COMMODITIES     Gold 23:01 Wed – 17:59 Thu 23:01 Thu – 18:40 Fri Silver 23:00 Wed – 17:59 Thu 23:00 Thu – […]

Please note the amended Darwinex trading hours for the upcoming US Thanksgiving holiday period on 22nd and 23rd of November 2018. All times are in UK (GMT+0) time.

 


 Instrument November 22nd 2018 November 23rd 2018
 COMMODITIES    
Gold 23:01 Wed – 17:59 Thu 23:01 Thu – 18:40 Fri
Silver 23:00 Wed – 17:59 Thu 23:00 Thu – 18:40 Fri
Platinum 23:00 Wed – 17:59 Thu 23:00 Thu – 18:40 Fri
Palladium 23:00 Wed – 17:59 Thu 23:00 Thu – 18:40 Fri
US Crude 23:00 Wed – 17:44 Thu 23:00 Thu – 17:25 Fri
Natural Gas 23:00 Wed – 17:44 Thu 23:00 Thu – 17:25 Fri
 INDICES    
Japan 225 23:00 Wed – 17:59 Thu  23:00 Thu – 18:10 Fri 
 US SPX 500 23:00 Wed – 17:59 Thu 23:00 Thu – 18:10 Fri 
 US Tech 100 23:00 Wed – 17:59 Thu 23:00 Thu – 18:10 Fri 
Wall Street 30 23:00 Wed – 17:59 Thu 23:00 Thu – 18:10 Fri 
 STOCKS    
US Stocks CLOSED 14:31 Fri – 17:59 Fri 

 

The rest of the assets will trade according to their usual trading time. As always, at info@darwinex.com we’ll be happy to assist you!

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Bitcoin Cash (XBNUSD) trading suspended until further notice

7 November 2018

The BCH fork on November 15th may create a split in the BCH instrument resulting in two currencies, BCH and BSV. Due to the uncertainly around this event, at Darwinex we’ve decided to suspend opening of any new XBNUSD trades with immediate effect.

As traders trading cryptocurrency CFDs sure know, the BCH fork on November 15th may create a split in the BCH instrument (XBNUSD as provided by our liquidity provider LMAX) resulting in two currencies, BCH and BSV.

Due to the uncertainly around this event, at Darwinex we’ve decided to suspend opening of any new XBNUSD trades with immediate effect.

We’ll contact Darwinex traders with open positions in XBNUSD and recommend them to close their positions because as of November 15th our liquidity provider will stop offering liquidity for XBNUSD for an unknown period of time.

For any questions, please contact us at info@darwinex.com.

End of Daylight Saving Time in Europe (October 28th 2018)

22 October 2018

Please note that Daylight Saving Time ends in Europe on Sunday October 28th 2018 but our MT4 nd MT5 servers’ time is NOT changing until Sunday November 4th 2018 (when Daylight Saving Time ends in the US). This means that there will be 1 week (October 28th through November 2nd) where some markets will open 1 hour earlier than […]

Please note that Daylight Saving Time ends in Europe on Sunday October 28th 2018 but our MT4 nd MT5 servers’ time is NOT changing until Sunday November 4th 2018 (when Daylight Saving Time ends in the US).

This means that there will be 1 week (October 28th through November 2nd) where some markets will open 1 hour earlier than during European Daylight Saving Time (i.e. FX market will open at 21:01 GMT; commodities will open at 22:01 GMT, etc.).

 

Instrument Trading Hours in GMT
FX 21:05 Sun – 20:55 Fri (except 21:00 – 21:01 daily) 
DARWINS 21:05 Sun – 21:00 Fri (except 21:00 – 21:01 daily)
COMMODITIES  
Gold 22:01 Sun – 20:55 Fri (except 20:59 – 22:01 daily)
Silver 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Platinum 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Palladium 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US Crude 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Natural Gas 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
INDICES  
Australia 200 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Europe 50 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
France 40 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Germany 30 07:00 – 21:00 (Mon – Fri)
Spain 35 07:00 – 19:00 (Mon – Fri)
Japan 225 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
UK 100 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US SPX 500 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US Tech 100 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Wall Street 30 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US STOCKS 13:31 -19:59 (Mon – Fri)
CRYPTOCURRENCIES 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)

 

Trading hours will return to normal on Sunday November 4th 2018, allowing for the daily candle to close at the end of trading in New York each day which is widely considered the end of the trading day.

As always, at info@darwinex.com we’ll be glad to assist you with any question you may have!

 

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Starting October 24th, Fx and XAUUSD swaps will be charged in triple size on Wednesdays

16 October 2018

Please be informed that starting on Wednesday, October 24th 2018, Fx and XAUUSD swaps will be charged in triple size on Wednesdays (instead of Thursdays). Below you can find a brief summary of the different swaps charges for the assets we offer.    Instrument Swaps  FX Daily at 17:00 NY City time (in triple size on […]

Please be informed that starting on Wednesday, October 24th 2018, Fx and XAUUSD swaps will be charged in triple size on Wednesdays (instead of Thursdays).

Below you can find a brief summary of the different swaps charges for the assets we offer.

 


 Instrument Swaps 
FX Daily at 17:00 NY City time (in triple size on Wednesdays*)

Exceptions: USD/CAD and USD/TRY, charged triple size on Thursdays.

Commodities
Gold (XAUUSD) Daily at 17:00 NY City time (in triple size on Wednesdays*)
Rest of Commodities Daily at 17:00 NY City time (in triple size on Wednesdays)
Indices Daily on market close (in triple size on Fridays)
Stocks Daily on market close (in triple size on Fridays)
Cryptocurrencies Daily 17:00 NY City time (in triple size on Thursdays)

*Starting on Wednesday, October 24th 2018.

 

As always, at info@darwinex.com we’ll be happy to assist you!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.