Coinsetter, Wall Street's low latency bitcoin exchange and ECN, today announced the release of its institutional FIX API.
With the announcement, Coinsetter becomes the very first bitcoin company to launch a FIX API, a widely-used electronic communications protocol for financial transactions.
With the introduction of its FIX 4.4 API, Coinsetter allows customers to connect their existing trading systems to a consolidated source of bitcoin liquidity. Traders utilizing Coinsetter's FIX API are able to place and manage orders, as well as receive status notifications on these orders in milliseconds. The API also offers real-time, incremental market data updates (tick data) for Coinsetter's full order book, an important tracking feature that is not available on any other bitcoin exchange. Subscribers receive notifications on every change in Coinsetter's order book for thousands of price levels in real-time.
A leader in bringing reliable, institutional trading technology to bitcoin, Coinsetter offers plug-and-play access for traders via three different trusted API gateways: WebSockets, REST, and now FIX. Coinsetter's suite of exchange technology is moving bitcoin trading closer to the experience traders have with more established financial markets.
Coinsetter offers high touch support for FIX customers. To help FIX customers connect to the platform, Coinsetter provides a "sandbox" integration environment which includes live market data. Additionally, Coinsetter's team assists customers with throughput and protocol conformance testing.
Alongside the announcement of FIX connectivity, Coinsetter has further boosted its data relay speeds. Fast market data streams give Coinsetter traders an unparalleled bitcoin trading experience. Coinsetter CEO Jaron Lukasiewicz said, "We're focused on providing the best professional APIs and a high quality exchange so that interested market participants can trade bitcoin reliably and help the industry grow."