What is trading broker API?

Application Programming Interface (API) is a software application that establishes a connection of coded algorithms with that of a broker’s platform. It basically links an investor or trader’s front-end system with a broker’s back end system. Trading Broker API builds custom trading applications.

Why are brokers with APIs gaining popularity?

Brokers with APIs are gaining popularity thanks to the rise of automated trading, advancement of technology and increase in the size of the trading markets. The application programming interfaces are not trivial tools but they provide an opportunity for advanced software integration and strategy implementation.

What is an API and how does it work?

In terms of trading, this usually means that information is transferred from automated trading algorithms to a broker's preferred trading platform. By using an API, brokers can access real-time updates, which enable them to make accurate and timely investment decisions.

Why should you use a trading API?

With a trading API, the most useful point is that the user interface can be customized to the needs of the traders. Hence, the trading API can be used as per your preference. With a trading API, you can get the streaming or real-time data for your trades. For any trader, getting real-time data is the main and the first step.