TradeStation Crypto launches FIX API to accelerate institutional adoption

Rick Steves

The FIX API for TradeStation Crypto provides customers with full access to crypto order execution and real-time market data when connecting via the TradeStation Crypto FIX API. 

TradeStation has announced access to trading crypto via a financial information exchange (FIX API) protocol for crypto traders, investors, institutions, and third parties.

The self-clearing online brokerage for trading stocks, ETFs, options, futures, and crypto, is offering its customers direct and full integration to the FIX API for accessing aggregated liquidity with intelligent order routing designed to seek the best pricing available from connected liquidity sources and fast execution.

Full access to crypto order execution and real-time market data

James Putra, Vice President of Product Strategy at TradeStation Crypto, said: “TradeStation is proud to offer its customers advanced crypto technology through our API suite, which now includes the FIX API. The FIX API features the importance we place on giving customers alternative ways to obtain market data and execute their trades. We see this as a significant milestone for institutional adoption, opening the door for traditional market participants to access this emerging asset class for trading.”

The FIX API for TradeStation Crypto provides customers with full access to crypto order execution and real-time market data when connecting via the TradeStation Crypto FIX API.

In addition, the protocol improves customer service support for onboarding, integration, and testing, as well as ongoing product support, and provides access to TradeStation’s aggregated liquidity and intelligent order routing algorithm and the ability to transfer large amounts of data as quickly as possible.

Up to $2,500 for opening account with TradeStation Crypto

Earlier this month, the broker announced that new TradeStation Crypto customers will be awarded up to $2,500 in cash or a supported cryptocurrency after opening a TradeStation Crypto account.

TradeStation Crypto offers customers a $10 reward just for opening an account with them, but they can qualify for a higher tiered cash or crypto reward for funding their account, based on the amount of a qualifying deposit.

To qualify for the tiered reward, a new approved TradeStation Crypto customer must fund at one of the following deposit levels:

A Minimum Deposit of $5,000 will reap the reward of $200 in cash or crypto, while a customer with an amount of $10,000 gets $500. Higher figures give access to higher rewards. A minimum deposit of $100,000 will collect $1,000 USD or Crypto, and the maximum reward of $2,500 USD can only be achieved with a deposit of $1,000,000.

Going public in $1.43 billion deal

The broker has recently announced it is going public via a SPAC deal worth $1.43 billion which is expected to close in the first half of 2022. TradeStation will be listed on the New York Stock Exchange.

Monex Group Inc, the parent company of TradeStation would continue to retain the equity that it has now and it is expected that it would hold 80% of TradeStation when the deal closes.

A total investment of $115 million with $50 million each coming from the Monex Group and Galaxy Digital LP would be made. The participation of Galaxy Digital, a giant within the crypto space, might be behind TradeStation’s marketing efforts to promote its crypto offering.

Read this next

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

Digital Assets

Binance acquires troubled crypto exchange GOPAX

Binance, the world’s largest digital asset trading platform, has reportedly acquired a majority stake in the troubled South Korea-based cryptocurrency exchange GOPAX.

Digital Assets

Kraken exits Middle East, closes UAE office

Digital currency exchange Kraken will close down its operations in Abu Dhabi, UAE and lay off the majority of its team focused on the Middle East and North Africa.

Industry News

CFTC comments on ION Cleared Derivatives issues after Russian-linked hack

“The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data. As this incident unfolded, it became clear that the submission of data that is required by registrants will be delayed until the trading issues are resolved.”

Industry News

FCA took down 14 times more misleading ads in 2022 thanks to technology

The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021.

Executive Moves

HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives

“He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”

Digital Assets

Zodia Custody and SBI Digital Asset Holdings launch JV for crypto asset custodian in Japan

“Zodia Custody is both proud and excited to be working with SBI DAH to help set up SBI Zodia Custody; the first tier 1 crypto asset custodian for institutions in Japan.”

Digital Assets

Paxos opens R&D center in Israel to focus on transaction signing and crypto custody security

“Paxos is looking to expand its team in Israel in 2023 and beyond, giving engineers the opportunity to work on cutting-edge financial products and shape the future of the global economy.”

<