Westernpips Trader is a platform integrated with the world's largest brokers using the FIX / API technology. The built-in high frequency trading algorithm allows you to trade directly through the FIX protocol, the world's fastest financial data transfer protocol.
We made a thoughtful, user-friendly interface. Those who use Trade Monitor 3.7 will quickly learn a new platform.
To access the program, you will need to enter your username.
Westernpips Trader is divided into 3 main blocks – "Feed Manager", "My Broker", and "Go Trade". Let's show you the basic functionality in more detail with a few simple steps to start trading.
"FEED MANAGER" - a section of the program in which you can manage the settings for connecting to fast data feed providers. You need to have an account. In the initial version are available Rithmic, LMAX API, LMAX FIX.
We plan to expand this list as soon as possible. Let's connect to the LMAX API and RITHMIC with already open accounts. As you can see, everything is quite simple! If the connection is successful, you will see a green connection signal.
"MY BROKER" -this section allows you to choose from the available connections that you need to trade a broker, with the ability to set multi-trading simultaneously on multiple accounts. To do this, you will also need to have your account with this brokers with the FIX / API function of trading connected.
The list of brokers will be constantly expanded. You can request the addition of any broker to our structure, it takes no more than three days. At the request of the client, the added broker may be private and available only to him.
The FIX connection configuration settings window allows you to configure the connection to your fix account on your own and change the necessary tags at any time.
Here your can set prising and trading session settings configuration. Also have other more detals config file where you can manualy set up any fix tags.
"NEW BROKER" - on the "New Broker" tab, select one of the available brokers, for example, FXCM API (Trade Station), enter your connection name and click the "Create" button.
A tab is created where you must enter the information required for connection. If everything is correct, click the "To Trade" button. In case of successful connection, a trader window will be created.
"GO TRADE" - the main window of the program where high frequency trade is carried out, parameters of trading strategies are adjusted. For your convenience, a maximally detailed log has been implemented in which you can view open and closed orders, as well as the most detailed information about the orders made by the strategy, the order execution time, slippage, gap and so on.
We made a convenient display of the log with the output of fix messages to the console.
You can see any connection problems or any other details in real time in the console window.
Also in the program there is an information panel, where information on the latest transactions will be displayed.
We described briefly the main functions. This is the initial version of the program, which will be improved every day, updated and expanded the list of its capabilities.
In 2017 was released new version westernips trader 3.9 software for fix/api trading! Now developing already finished . We plan add to this software 2 leg arbitrage and one leg arbitrage between fxi/api brokers. Spread arbitrage. Hedge and Hidden arbitrage strategy. One click trading. Now we looking for few partners for start trading in big Fix/API providers : Integral, CFH Clearing, Prime XM, Exante, Global Prime, LMAX, Rithmic, CME Group and others....
The Financial Information eXchange (FIX®) Protocol has revolutionised the trading environment, proving fundamental in facilitating many of the electronic trading trends that have emerged over the past decade.
FIX has become the language of the global financial markets used extensively by buy and sell-side firms, trading platforms and even regulators to communicate trade information. This non-proprietary, free and open standard is constantly being developed to support evolving business and regulatory needs, and is used by thousands of firms every day to complete millions of transactions.
FIX is the way the world trades and it is becoming an essential ingredient in minimising trade costs, maximising efficiencies and achieving increased transparency. FIX offers significant benefit to firms keen to explore new investment opportunities; it reduces the cost of market entry with participants able to quickly communicate both domestically and internationally, in addition to significantly reducing switching costs.
The FIX Protocol language is comprised of a series of messaging specifications used in trade communications. Originally developed to support equities trading in the pre-trade and trade environment, it is now experiencing rapid expansion into the post-trade space, supporting straight-through processing (STP) from indications of interest (IOI) to allocations and confirmations. Additionally, it is witnessing significant growth in the fixed income, foreign exchange and listed derivative markets.
The FIX messaging standard is owned, maintained and developed through the collaborative efforts of FIX Trading Community™ member firms, which include many of the world's leading financial institutions. These firms work together to ensure that the standard continues to meet emerging trading requirements and to promote its increased adoption, which presents huge potential benefits across the financial community.
FIX® has become the way the world trades. Virtually every major stock exchange and investment bank uses FIX for electronic trading, alongside the world's largest mutual funds, money managers and thousands of smaller investment firms. Leading futures exchanges offer FIX connections and major bond dealers either have or are implementing them. Identifying an exact number of users is impossible, as FIX is a free and open standard, but it is very clear that the world's financial community now speaks FIX.
To provide an indication of how some firms use FIX, the following information has been provided. These details have been submitted voluntarily as a survey of different strategies for integrating FIX connectivity into production systems.
Market participants are invited to post information about their use of FIX on this page. To do so, please contact your firm's FIX Trading Community™ website administrator to update your company's profile.
Postings are the sole responsibility of the FIX adopter. As FIX Trading Community is independent and neutral, it does not endorse any FIX adopting firm.
Many companies offer FIX® products and services and the below is a list of those available from FIX Trading Community™ member firms. These firms are driving change and shaping the future trading environment. If you would like to be kept abreast of updates regarding the products and services listed below, please select 'Follow' or interact with the product or service providers here.
Representatives from member firms wishing to feature products or services in the list below please contact your company's FIX Trading Community website administrator to update your company's profile.
The postings are the sole responsibility of the represented company. As an independent and neutral industry-driven organisation, FIX Trading Community does not endorse any products or services.