Netagio, the first British bitcoin, gold and sterling exchange, has launched an Application Programming Interface (API) which aims to help institutional investors automate their usage of the exchange.
Institutional investors can now programme their execution management systems (EMS) and order management systems (OMS) and fully automate their trading on the exchange.
The API will provide brokers/dealers with faster electronic market connectivity, allowing both sophisticated and professional retail customers and institutional investors to trade 24 hours a day, seven days a week.
The Netagio API enables investors to trade bitcoins for GBP or gold, view open orders, cancel orders and view Netagio’s order book on a continuous and fully automated basis. It facilitates real time depth of book price quotations and market data, automated trade executions and order and trade confirmations. Furthermore, the API will allow investors to trade more actively, have larger order size capability, opening up trading opportunities that haven’t existed until now.
Simon Hamblin, chief executive of Netagio, says: “Since launching the exchange in July this year, we have had active discussions with many institutional and professional investors. In this world of highly automated trading and in line with trends across other electronically tradable asset classes, it became immediately clear that by offering ease of integration via an API, this group of investors would be able to create their own trading strategies and benefit from fully programmable automated access to the Netagio exchange, using standards they recognise and that are compatible with their front end systems.”
