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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!

Last News

Darwinex Amended trading Hours for President’s Day (19 February 2018)

13 February 2018

Please note the amended Darwinex trading hours for the upcoming President’s Day in the US on 19 February 2018 (all times are in UK – GMT time).  Instrument Trading Hours  FX 22:05 Sun – 22:00 Mon   DARWINS 22:05 Sun – 22:00 Mon  COMMODITIES   Gold* 23:01 Sun –17:59 Mon Silver* 23:00 Sun –18:00 Mon Platinum* 23:00 Sun –18:00 Mon Palladium* 23:00 Sun –18:00 Mon US Crude* […]

Please note the amended Darwinex trading hours for the upcoming President’s Day in the US on 19 February 2018 (all times are in UK – GMT time).

 Instrument Trading Hours
 FX 22:05 Sun – 22:00 Mon
  DARWINS 22:05 Sun – 22:00 Mon
 COMMODITIES  
Gold* 23:01 Sun –17:59 Mon
Silver* 23:00 Sun –18:00 Mon
Platinum* 23:00 Sun –18:00 Mon
Palladium* 23:00 Sun –18:00 Mon
US Crude* 23:00 Sun –17:45 Mon
Natural Gas* 23:00 Sun –17:45 Mon
 INDICES  
Australia 200 23:00 Sun –22:00 Mon
 Europe 50 23:00 Sun –22:00 Mon
France 40 23:00 Sun –22:00 Mon
Germany 30 07:00 – 21:00
Spain 35 07:00 – 19:00
Japan 225* 23:00 Sun –18:00 Mon
 UK 100 23:00 Sun –22:00 Mon
 US SPX 500* 23:00 Sun –18:00 Mon
 US Tech 100* 23:00 Sun –18:00 Mon
Wall Street 30* 23:00 Sun –18:00 Mon
*Amended Darwinex trading hours.

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

Our Latest Improvement In…The Importance Of A Good First Impression

In Darwinex, a first impression is the event when one investor first encounters a DARWIN and forms an opinion about it. First impressions are based on a wide range of characteristics: D-Score, Investing Attributes, AuM, return, drawdown, trader’s equity, etc. But, what about the strategy description? Write a delightful description to connect with your investors […]

In Darwinex, a first impression is the event when one investor first encounters a DARWIN and forms an opinion about it. First impressions are based on a wide range of characteristics: D-Score, Investing Attributes, AuM, return, drawdown, trader’s equity, etc. But, what about the strategy description?

Write a delightful description to connect with your investors at a deeper level

We know that a good description could significantly influence whether an investor allocates capital in your DARWIN or not since, at the end of the day, the relationship between a DARWIN provider and its investors is based on trust.

We are also aware that some of you have a blog or website where investors, or other traders, can know more about you and your strategy.

Enhanced tool to describe your strategy

That is the reason why we have decided to enhance our description tool so you can incorporate bold, italics and a link to your site in the description of your DARWIN/strategy, in your main profile and in all your “Darwinian filters”.

Here a brief example of how to do it:

Bold => **bold** => bold

Italics => _italics_ => italics

Link to your website => Go to [my website](https://www.darwinex.com/) => Go to my website

DARWIN VTJ paused for new investment

7 February 2018

Due to the divergence caused by the sheer increase in the volume of investors in the DARWIN VTJ- more than € 2MM under management! -, its DARWIN provider has requested us to close it temporarily. This means that the DARWIN will remain closed for new investments and current investors in VTJ will only be able […]

Due to the divergence caused by the sheer increase in the volume of investors in the DARWIN VTJ- more than € 2MM under management! -, its DARWIN provider has requested us to close it temporarily.

This means that the DARWIN will remain closed for new investments and current investors in VTJ will only be able to sell it.

For your information, we are currently working on a “Capacity Management” tool which will allow DARWIN providers to pause their DARWIN if they meet the following criteria:

  • 1-The max AuM cap established by the DARWIN provider is surpassed. The minimum will be determined by Darwinex.
  • 2-The divergence % in the DARWIN goes beyond the threshold established by the DARWIN provider. At this point, the DARWIN will be automatically paused. Irrespective of the min divergence % required by the DARWIN provider, Darwinex will automatically pause the DARWIN if it goes beyong  1%-1.5% (we’re still defining the optimal %)

This tool will allow Investors to:

  • 1-Know the parameters chosen by the DARWIN provider in advance.
  • 2-Activate a notification mechanism that will alert them when a trader changes any of the parameters defined beforehand or the DARWIN is paused/reopened again.

In the absence of such tool, the procedure hereinafter will be similar to the one applied for VTJ: the DARWIN provider notifies Darwinex of its intention to pause its DARWIN and we will comply with its will, with the limitations above-mentioned.

IMPORTANT: from now on, in case a DARWIN provider decides to pause it before the launch of the “Capacity Manegement” tool , Darwinex will not send any kind of notification to its clients.

Should you want to share your views on this topic, you are more than welcome to participate in this Community thread.

And the DarwinIA winners are… (January 2018)

1 February 2018

The January 2018 edition of our DarwinIA trading challenge came to its end. Below you can find the 48 winners of our € 4,000,000 notional allocation for a 6 month period. Place DARWIN Notional allocation 1st VQB € 300,000.00 2nd RDD € 250,000.00 3rd GTD € 210,000.00 4th WFJ € 170,000.00 5th CBY € 150,000.00 […]

The January 2018 edition of our DarwinIA trading challenge came to its end. Below you can find the 48 winners of our € 4,000,000 notional allocation for a 6 month period.

Place DARWIN Notional allocation
1st VQB € 300,000.00
2nd RDD € 250,000.00
3rd GTD € 210,000.00
4th WFJ € 170,000.00
5th CBY € 150,000.00
6th KVL € 140,000.00
7th ONE € 130,000.00
8th HTX € 120,000.00
9th UYZ € 110,000.00
10th XYF € 110,000.00
11th VTS € 110,000.00
12th ZGE € 100,000.00
13th LDZ € 100,000.00
14th RZX € 100,000.00
15th XIS € 90,000.00
16th ERQ € 90,000.00
17th ZZI € 90,000.00
18th LOM € 80,000.00
19th MER € 80,000.00
20th QDJ € 80,000.00
21st FTA € 70,000.00
22nd PFH € 70,000.00
23rd PMZ € 70,000.00
24th STP € 70,000.00
25th ENI € 60,000.00
26th NTI € 60,000.00
27th LFS € 60,000.00
28th LLZ € 60,000.00
29th ADZ € 60,000.00
30th GED € 60,000.00
31st FEG € 50,000.00
32nd YZF € 50,000.00
33rd ZTY € 50,000.00
34th ILM € 50,000.00
35th XSN € 50,000.00
36th QNR € 50,000.00
37th SPV € 50,000.00
38th STT € 40,000.00
39th NDQ € 40,000.00
40th WWB € 40,000.00
41st UEI € 40,000.00
42nd JBR € 40,000.00
43rd ZOX € 40,000.00
44th CEM € 40,000.00
45th HGD € 30,000.00
46th LZL € 30,000.00
47th DZL € 30,000.00
48th VBU € 30,000.00

 

Have questions about DarwinIA trading challenge ? At info@darwinex.com we’ll be happy to assist you!

Darwinex Amended trading Hours for Australia Day (26 January 2018)

22 January 2018

Please note the amended Darwinex trading hours for the upcoming Australia Day on 26 January 2018 (all times are in UK – GMT time).  Instrument Trading Hours  FX 22:01 Thu –21:55 Fri   DARWINS 22:01 Thu –21:55 Fri  COMMODITIES   Gold 23:01 Thu –21:55 Fri Silver 23:00 Thu –21:55 Fri Platinum 23:00 Thu –21:55 Fri Palladium 23:00 Thu –21:55 Fri US Crude 23:00 Thu –21:55 Fri Natural Gas 23:00 Thu –21:55 Fri  INDICES […]

Please note the amended Darwinex trading hours for the upcoming Australia Day on 26 January 2018 (all times are in UK – GMT time).

 Instrument Trading Hours
 FX 22:01 Thu –21:55 Fri
  DARWINS 22:01 Thu –21:55 Fri
 COMMODITIES  
Gold 23:01 Thu –21:55 Fri
Silver 23:00 Thu –21:55 Fri
Platinum 23:00 Thu –21:55 Fri
Palladium 23:00 Thu –21:55 Fri
US Crude 23:00 Thu –21:55 Fri
Natural Gas 23:00 Thu –21:55 Fri
 INDICES  
Australia 200* *06:10  – 21:55 
 Europe 50 23:00 Thu – 21:55 Fri
France 40 23:00 Thu – 21:55 Fri
Germany 30 07:00 – 21:00
Spain 35 07:00 – 19:00
Japan 225 23:00 Thu21:55 Fri
 UK 100 23:00 Thu21:55 Fri
 US SPX 500 23:00 Thu21:55 Fri
 US Tech 100 23:00 Thu21:55 Fri
Wall Street 30 23:00 Thu21:55 Fri
*Amended Darwinex trading hours.

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

Our Latest Improvement In … Chart Re-alignment!

19 January 2018

You already know that our incentives are 100% aligned with those of our clients –zero conflict of interest between Broker, Traders and Investors-, and this is something we feel VERY proud of in Darwinex. However, this was true to some extent as some of our tools had risen up in rebellion. In particular, the profile […]

You already know that our incentives are 100% aligned with those of our clients –zero conflict of interest between Broker, Traders and Investors-, and this is something we feel VERY proud of in Darwinex.

However, this was true to some extent as some of our tools had risen up in rebellion.

In particular, the profile of the DARWINs, displayed in the following sections, were slightly misaligned:

  1. Explore
  2. All DARWINs
  3. Any predefined filter
  4. Your Favorites
  5. Public User Profile
  6. A custom filter

Fortunately, the rebellion has not lasted long and we have been able to re-establish order…and alignment everywhere.

Trade safe!