James Kemp Managing Director, Stentra, takes a look at the growing importance of APIs and how, in particular, APIs are boosting access to eFX solutions
James Kemp Managing Director, Stentra, takes a look at the growing importance of APIs and how, in particular, APIs are boosting access to eFX solutions

API's boosting access to eFX solutions

James Kemp takes a look at the growing importance of API's and the benefits that both buy and sell-side derive from them.

First Published: e-Forex Magazine 18 / Features / April, 2005

As banks and their clients become increasingly accepting of electronic trading, their level of sophistication rises, fuelling the demand for more highly automated services. The range of these services has expanded from post-trade STP into price feeds and direct trading links. And it is not just the banks that are offering their clients direct APIs. ECNs provide APIs to automate trading for the buy and sell-sides, either directly, or through vendor-supplied electronic trading systems. They are also offering “off the shelf” integration with the major trade capture and risk management systems, through APIs, further smoothing the end-to-end automation process.Benefits to buy and sell-sidesBoth buy and sell-sides derive benefits from APIs. The sell-side sees greater flow and customer retention, even if shared. APIs can improve a bank’s competitive advantage. Although it is rare that clients make their decision to use a bank solely on their ability to offer an API, they are increasingly seeing it...continued

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