Spotware Systems releases cTrader Open API 2.0

Maria Nikolova

cTrader Open API v2.0 is the successor of cTrader Connect API v1.0 and will run in parallel with the previous version until v1.0 becomes deprecated.

Fintech expert Spotware Systems has earlier today announced the release of cTrader Open API 2.0.

Open API allows third-party service providers to develop applications using the existing cTrader trading infrastructure and offer them to cTrader users through a free, secure, and publicly accessible API. These new tools and features offer added value to cTrader platform, giving traders access to a vaster variety of services.

cTrader Open API v2.0 is the successor of cTrader Connect API v1.0. It will run in parallel with the previous version until v1.0 becomes deprecated. The new version offers a raft of enhancements, which enable faster performance of apps and provide them with extra functionalities.

  • What’s new in cTrader Open API v2.0?

For starters, Accounts API REST requests have been replaced with Protocol Buffers. cTrader Open API v2.0 will not feature any REST web services for account information retrieval. Protocol Buffers are used instead, unifying both scopes, Accounts API and Trading API under a single technology. This means Open API v2.0 can serve much more resource intensive applications than v1.0.

In addition, as a result of switching to Protocol Buffers, request limits have been significantly increased enabling much faster performance for applications using the API.

Furthermore, dedicated proxies are now available at the request of an application developer. These proxies can serve a higher number of incoming requests in a given timeframe, improving the performance of the Open API application.

Finally, expected margin calculation which was missing from Spotware Connect API v1.0, has been added to cTrader Open API v2.0 through new messages. Now, applications using Open API will be able to estimate margin requirements for new orders.

Speaking of new and updated solutions by Spotware, let’s note that in October 2018, the company announced the release of its new copy trading service, cTrader Copy, which functions as a flexible investment program and a fully integrated feature of cTrader Web.

The company has been regularly updating the family of cTrader platforms. In November, for instance, Spotware rolled out version 3.1 of cTrader Web Beta. The new cTrader Web 3.1 allows faster setting up of Price Alerts with extended controls and enables users to personalize their trading experience even further.

Read this next

Digital Assets

Luxembourg’s regulator warns on false regulation of Crypto Capital Profits

The regulator of Luxembourg’s financial markets, the Commission de Surveillance du Secteur Financier (CSSF), has warned that a firm claiming to be authorized under the name Crypto Capital Profits is in fact not licensed to carry out business from within its jurisdiction.

Institutional FX

FINRA fines Wedbush $900K over reporting violations

The Financial Industry Regulatory Authority continues to take disciplinary actions against financial services firms for providing inaccurate securities trading information.

Digital Assets

Bitkub investigated by Thai regulator in ‘wash trading’ case

Thailand’s Securities and Exchange Commission has targeted Bitkub over allegations of inaccurate reporting and wash trading on its cryptocurrency platform.

Crypto Insider secures approval to launch its services in France has registered its cryptocurrency services with the dual regulatory structure in France, which includes the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

Inside View

How to offer iOS compliant trading apps? Editorial by Chris Rowe

Webtraders are becoming increasingly important for FX and CFD brokers as more and more of their clients are trading using their mobiles. 

Institutional FX

SpiderRock deploys Eventus trade surveillance for futures and options offering

“As we have begun to provide direct market access as a routing broker and grown in our futures offering, which is subject to a different regulator, we wanted to make sure we chose a trade surveillance platform that has all the tools that we need, a format we can review easily, and capabilities to demonstrate to regulators that we have the proper trade surveillance procedures in place. Validus checks all the boxes for us.”

Industry News

Space and Time raises $20 million to grow its decentralized data warehouse

“We look forward to seeing the ways in which Space and Time will allow the business logic in centralized systems to be automated and connected directly to smart contracts.”

Digital Assets

Mastercard, hi app partner to issue cards with NFT avatars

In partnership with Mastercard, crypto and fiat financial app hi is launching what it calls “the world’s first debit card featuring NFT avatar customization.”

Digital Assets

Wirex to support government of Uzbekistan to adopt blockchain

“We’re excited to work alongside the Uzbekistan Direct Investment Fund in order to help the sector thrive, enrich the financial ecosystem there and set a benchmark for other countries, and ultimately expand.”