Tinkoff Investments, a brokerage platform, has launched an open application programming interface (API) for algorithmic traders to help them create robots and establish automated trading.
Its new service will provide algorithmic traders a unified API and single brokerage account for trading securities on the largest global stock exchanges. Users will no longer need a separate trading account for each stock exchange and would be able to easily buy and sell securities via the Tinkoff solution.
Algorithmic traders will be able to place and cancel limits on orders, view streaming portfolio details, and securities market information. An example given for the service is a consumer could set the interface to instantly react to share price swings and bid for lots automatically.
Furthermore, the service lets users conduct hypothesis testing in a sandbox, free of charge. Customers can analyse and improve investment strategies without risking their money.
Tinkoff vice president, new products development Alexander Emeshev said, “We are among the first to offer Russian algorithmic traders a truly simple API that can automate millions of security transactions. I am sure users will like it. On top of automatic trading, it lets you “play” with the price trends, forecast market events, and test your investment hypotheses.”
Moving forwards, the open API will become available to corporate clients. Companies needing to analyse the securities market and build additional value for their business will be able to lease the programming interface.
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