Saxo Bank releases new version of OpenAPI

Maria Nikolova

A field called ‘DisableForceOpen’ or ‘IsForceOpen’ has been added to positions and orders resources.

Multi-asset trading expert Saxo Bank has earlier this week rolled out a new version of its OpenAPI.

The update includes a raft of enhancements. Let’s note that a field called ‘DisableForceOpen’ or ‘IsForceOpen’ has been added to positions and orders resources. This is in preparation of an upcoming feature, whereby it will be possible for a user to specify that a position should not be automatically netted. Currently the value has no effect.

In September this year, Saxo Bank unveiled some general improvements to its Developer Portal, the website dedicated to the OpenAPI. Back then, Saxo announced the release of its new Application Management section. Here users of the API can configure up to 10 applications, which can access OpenAPI in the demo environment.

In one of the preceding updates to its OpenAPI, Saxo Bank completed the transition to new FX Order types.

In an effort to simplify order placement for FX instruments, the API is transitioning from one set of stop orders to another set of stop orders. The change only affects FxSpot.

Before the change the list of available order types for FxSpot included:

  • For non-DMA trades: StopIfBid, StopIfOffered, TrailingStopIfBid, TrailingStopIfOffered and StopLimit, Market and Limit;
  • For DMA trades: GuranteedStop,TrailingStop, StopLimit, Market and Limit.

After the change, the list includes only: Stop,TrailingStop, StopLimit, Market and Limit for both non-DMA and DMA trades.

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