Forex Capital Markets LLC, (“FXCM US” or “FXCM" ) the US entity of FXCM Inc. (FXCM), a global online provider of foreign exchange (FX) trading and related services, announced today Live Trading Integration with QuantConnect, a leading cloud-based algorithmic trading platform for strategy creation, backtesting and deployment.
Paired with the power of FXCM’s No Dealing Desk (NDD) execution, algo traders can run strategies with no restrictions and enjoy the benefits of anonymous order execution with FXCM’s industry-leading execution API.
QuantConnect was built on the Lean Algorithmic Trading Engine (“Lean”), an open source fully managed C# algorithmic trading engine built for desktop and cloud usage. The platform is event driven, multi-threaded and built to give the user maximum control and flexibility. Python, C#, and F# are all supported, along with mathematical libraries of each language.
QuantConnect users can access FXCM’s historical tick, second and 1 min price history dating back to 2007. With more than 24,000 quants participating in the QuantConnect forums, users can search thousands of solutions, clone algorithms with one click, and get advice from experienced quants.
“QuantConnect is excited to integrate with FXCM to provide powerful algorithmic trading services to its FX clients, furthering our mission to be the infrastructure which drives algorithmic trading in the future,” stated Jared Broad, CEO of QuantConnect.
Ornit Niv, CEO of FXCM US added, “FXCM is excited to work with such an innovative technology company like QuantConnect. FXCM sees tremendous value for algo traders in their open source model that offers outstanding flexibility and power for strategy creation and backtesting. FXCM continues to prioritize development of tools, resources and partnerships for clients seeking the most comprehensive solutions for their diverse algorithmic trading needs.”
FXCM offers clients powerful connectivity and hosting services through our Application Programming Interface (API) solutions. Clients can minimize latency by collocating with FXCM’s VPS partners or FXCM’s data center directly. Clients with rack space in FXCM’s data center can cross-connect directly to FXCM’s server without leaving the data center.
Clients with rack space outside of FXCM’s data center are provided with Metrolink access, a service that connects data centers directly and minimizes latency. FXCM partners with multiple VPS providers with a physical presence in FXCM’s data center, offering virtual hosting options to clients who prefer to not maintain their own rack space.
FXCM offers 3 of the top industry APIs available, the industry standard FIX API (available with or without market depth), FXConnect API, and Java. Each API is tailored for different client needs. Free unlimited professional quality price history is available in all timeframes through our FXConnect API. Traders in need of developers can utilize FXCM’s Programming Services team to build the most complex custom strategies.
Integrating with a partner like QuantConnect allows FXCM to expand its ecosystem and the scope of platform options for the algorithmic trader.