TradeStation Crypto launches FIX API to accelerate institutional adoption

The FIX API for TradeStation Crypto provides clients with full access to crypto order execution and real-time market data when connecting through the TradeStation Crypto FIX API.

TradeStation has announced access to crypto trading via a Financial Information Exchange Protocol (FIX API) for crypto traders, investors, institutions and third parties.

Self-clearing online brokerage for trading stocks, ETFs, options, futures and crypto, offers its clients direct and full integration with the FIX API to access aggregated liquidity with intelligent order routing designed to seek the best available price from connected liquidity sources and fast execution.

James Putra, Vice President of Product Strategy at TradeStation Crypto, said, “TradeStation is proud to offer our clients advanced crypto technology through our API Suite, which now includes the FIX API. The FIX API highlights the importance we place on providing clients with alternative ways to obtain market data and execute their trades. We see this as an important step for institutional adoption, opening the door for traditional market participants to access this emerging asset class for trading.

The FIX API for TradeStation Crypto provides clients with full access to crypto order execution and real-time market data when connecting through the TradeStation Crypto FIX API.

Additionally, the protocol enhances customer service support for onboarding, onboarding, and testing, as well as ongoing product support, and provides access to aggregated liquidity and TradeStation’s smart order routing algorithm, as well as the ability to transfer large amounts of data as quickly as possible.

Earlier this month, the broker announced that new TradeStation Crypto clients will receive up to $2,500 in cash or a supported cryptocurrency after opening a TradeStation Crypto account.

TradeStation Crypto is offering customers a $10 reward just for opening an account with them, but they can qualify for a cash or top-tier crypto reward for funding their account, depending on the amount of money. an eligible deposit.

To be eligible for the tiered reward, a new approved TradeStation Crypto client must fund at one of the following deposit tiers:

A minimum deposit of $5,000 will reap the reward of $200 in cash or crypto, while a customer with an amount of $10,000 will receive $500. Higher numbers give access to higher rewards. A minimum deposit of $100,000 will collect $1,000 USD or Crypto, and the maximum reward of $2,500 USD can only be obtained with a deposit of $1,000,000.

The broker recently announced that it will go public through a $1.43 billion SPAC deal that is expected to close in the first half of 2022. TradeStation will be listed on the New York Stock Exchange.

Monex Group Inc, the parent company of TradeStation, would continue to retain the equity it currently owns and is expected to own 80% of TradeStation upon closing of the deal.

A total investment of $115 million, including $50 million each from Monex Group and Galaxy Digital LP, would be made. The involvement of Galaxy Digital, a giant in the crypto space, could be behind TradeStation’s marketing efforts to promote its crypto offering.

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