Application Programming Interface - API

AAA

DEFINITION of 'Application Programming Interface - API'

An interface or "go-between" that enables a software program to interact with other software. In the context of forex trading, an API refers to the interface or platform that enables your platform to connect with the market. APIs have multiple features that facilitate information sharing, including real-time forex price quotations, trade execution and order and trade confirmations.

INVESTOPEDIA EXPLAINS 'Application Programming Interface - API'

Proprietary APIs are offered by almost every major online forex brokerage. Because the fast-paced nature of forex trading makes automated trading preferable to manual trading for most traders, a reliable API is an important differentiator for a forex brokerage to ensure stable operation and execution of trades.

RELATED TERMS
  1. Forex Trading Strategy

    A set of analyses that a forex day trader uses to determine whether ...
  2. Automated Forex Trading

    A method of trading foreign currencies with a computer program ...
  3. Currency Trading Platform

    A type of trading software used to help currency traders with ...
  4. Forex Trading Robot

    A computer program based on a set of forex trading signals that ...
  5. Real Time Forex Trading

    A form of speculation in which a trader bets on the movement ...
  6. Paper Trade

    Using simulated trading to practice buying and selling securities ...
Related Articles
  1. Forex Automation Software For Hands-Free ...
    Forex Education

    Forex Automation Software For Hands-Free ...

  2. What should I look for when choosing ...
    Options & Futures

    What should I look for when choosing ...

  3. How To Become A Successful Forex Trader
    Forex Education

    How To Become A Successful Forex Trader

  4. What types of accounts are available ...
    Options & Futures

    What types of accounts are available ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center