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.

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