Saxo Bank plans further changes for its OpenAPI

Maria Nikolova

With the OpenAPI release on or after May 1, 2020, Trade Allocation Keys will no longer be allowed to include a broker account.

Multi-asset trading and fintech expert Saxo Bank continues to enhance its OpenAPI, with more changes set to be implemented in May 2020.

It is not allowed for a broker account to participate in a block trade allocation. This restriction has been enforced in Saxo UI’s for the past two years. With the release on or after May 1, 2020, the restriction will also be enforced in OpenAPI.

If the traded amount does not match the total number of units in the key, there can be one or several remainders when allocating, typically through partial fills. Therefore an allocation key must always include at least one account designated to receive the remainder.

Until now it has been possible – through OpenAPI – to specify an allocation key, where:

  • All of the client accounts have been specified an AcceptRemainderAmount property set to false,
  • The broker account is also included, but with the AcceptRemainderAmount property set to true and a UnitValue property of 0.

As a result any remainder would be placed on the brokers account. After the upcoming release on or after May 1st, this will no longer be possible.

At that time:

  • An allocation key can only include client accounts.
  • One of these accounts must have the AcceptRemainder property to true.

Trying to create a key which violates these rules will be rejected. Trying to place an order, with a previously defined key which violates these rules, will also be rejected.

The latest release of the OpenAPI includes some fixes and enhancements. The new API version removes the SingleAndClosedPositions array in the NetPositions endpoint. The company has earlier warned that it would no longer support SingleAndClosedPositions in the NetPositions resource. This has been marked obsolete/do not use since June.

Read this next

blockdag

30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.

blockdag

IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.

blockdag

May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.

blockdag

Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.

Chainwire

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”

blockdag

AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

blockdag

BlockDAG’s $32.8M Presale Outshines Retik Finance’s MEXC Listing, Featuring Cutting-Edge Dashboard Innovations

Explore how BlockDAG’s innovations overshadow Retik Finance’s MEXC debut, attracting investors to its vibrant platform for unparalleled gains.

blockdag

Top Altcoins To Watch: BNB And Injective Signal Market Upswing, BlockDAG’s Dashboard Spurs Investor Enthusiasm As Presale Surpasses $32.9M

BlockDAG outshines in our comparison of BNB Breakout Prediction, Injective (INJ) News, and Top Altcoins to Watch. Discover why BlockDAG is the best choice.

<