FIX protocol Engine: software for algorithmic HFT trading
Algorithmic HFT trading is an automated trading system that works on low-latency arbitrage strategy using specialized software that uses the fix protocol for transferring data. For profit, you need the speed of receipt and transfer of quotes at the level of milliseconds and the frequency of transactions, which is not subject to the usual trader.
In financial markets, high-frequency trading (HFT) is a type of algorithmic trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.
Which brokers support FIX Protocol access for HFT Trading?
Today, many large brokers and liquidity providers offer access to trade and market data through the Fix Protocol. The company Westernpips Group is building links with many of the brokers and our list is constantly expanding as customers request and the emergence of new brokers.
Westernpips FIX Trader 3.9 is a unique software for HFT trading through the FIX protocol engine. It incorporates the latency arbitrage strategy and, with the right choice of data center (VPS provider and use fiber optic cross-connect), the program is able to process market and trading data at a speed of less than a millisecond. As a fast and slow broker, you can use any combination of brokers offered in the program.
Brokers available today for trading under the FIX protocol in the program Westernpips FIX Trader 3.9.
The cost of using connection via FIX protocol
Warning! Many brokers require a monthly fee for using the FIX protocol connection. The cost of using this type of connection depends on which broker you select to get fast quotes and for trading and what tools you need (currency pairs, indices, gold, cryptocurrency).
For example, quotes/trading from LMAX Exchange using FIX Protocol cost about 300 USD per month. Some brokers may charge up to $ 1,500 per month or more. The cost also depends on your trading volume and initial deposit. The minimum deposit for opening an account with the possibility of trading through the FIX protocol is from 10,000 USD.
Other electronic trading protocols
For HFT trading, other faster data transfer protocols and fast quotes are also used: FIX 4.4 Protocol, ITCH protocol and e.t.c. These types of electronic trading are available to larger retail or institutional traders and firms with a capital of 10,000 USD or more, since the use of this technology requires equipment costs and a cross-connect connection with the provider of quotes.
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Westernpips Private HFT Trading Tools
Westernpips company is the market leader in arbitrage technology for low-latency traders. Since 2007, we have been working, improving and looking for new ways for algorithmic trading and making profit not only by the participants of our company, but also by our customers, partners and investors. Together with you, we have already come a long way and today our products and services are used all over the world and we are trusted by many large institutional traders because we work for the success of our clients and new achievements in high-frequency algorithmic trading and arbitrage in Forex, CFD`s, the market for futures and crypto currencies.