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Crypto.com FIX API offers institutional-grade direct market access for cryptocurrency trading

Crypto.com unveils a FIX 4.4 interface to provide institutional-grade direct market access for cryptocurrency trading.

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by Defused News Writer
Crypto.com FIX API offers institutional-grade direct market access for cryptocurrency trading
Photo by Art Rachen / Unsplash

Crypto.com has launched a FIX API for the GEN 3.0 Crypto.com Exchange, offering institutional-grade direct market access for cryptocurrency trading via the FIX 4.4 protocol and co-location in AWS Tokyo.

FIX stands for Financial Information eXchange and is an electronic low-latency trading protocol widely used by institutional venues including NASDAQ, London Stock Exchange and Singapore Stock Exchange, the company said in an announcement.

"At Crypto.com, we believe the future belongs to those who see far beyond the now and continue to build and innovate under any circumstances," Crypto.com said in an announcement. The release says co-location in AWS Tokyo boosts connectivity performance by 70% and FIX messages are about 30% smaller than RESTful or WebSockets JSON messages, reducing latency and improving throughput.

The API supports in-order, guaranteed message delivery with ResendRequest-based recovery, API key authentication, read-only FIX drop copy sessions for compliance, and native Sub-account segregation for strategy and risk separation.

Advanced order types listed include Limit, Market, Stop Loss, Take Profit, Immediate or Cancel, Fill or Kill and Post Only; benchmark-based algorithmic orders such as TWAP are on the roadmap.

Additional features include Mass Order Create/Cancel operations, instrument-level mass cancels, OTC block trading support with instant custom quotes and settlement, and interoperability with existing RESTful and WebSockets APIs so firms can run FIX in parallel with existing infrastructure.

The recap

Crypto.com launches FIX API for GEN 3.0 Exchange

Co-location in AWS Tokyo boosts connectivity performance by 70%

TWAP benchmark algorithmic order types are on the roadmap

Defused News Writer profile image
by Defused News Writer