New York City-based Coinsetter continues on their mission to be the trading platform for bitcoin investors.
On Wednesday, the exchange announced the launch of access to their very own FIX API, considered to be the financial industry’s standard [communications] protocol for financial transactions.
The company writes in their news release:
[blockquote style=”2″]With the introduction of its FIX 4.4 API, Coinsetter allows customers to connect their existing trading systems to a consolidated source of bitcoin liquidity. Traders utilizing Coinsetter’s FIX API are able to place and manage orders, as well as receive status notifications on these orders in milliseconds. The API also offers real-time, incremental market data updates (tick data) for Coinsetter’s full order book, an important tracking feature that is not available on any other bitcoin exchange. Subscribers receive notifications on every change in Coinsetter’s order book for thousands of price levels in real-time.[/blockquote]
It’s one of a few options now provided to traders of the platform, who also have access to the WebSockets and REST API gateways.
“Coinsetter’s suite of exchange technology is moving bitcoin trading closer to the experience traders have with more established financial markets,” they write in their announcement.
Coinsetter also announced that they have boosted data relay speeds for faster trade executions.
“We’re focused on providing the best professional APIs and a high quality exchange so that interested market participants can trade bitcoin reliably and help the industry grow,” Coinsetter CEO Jaron Lukasiewicz said.