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IKON's API System(s)

How to Apply for FT API (EFIPS)?

IKON's API systems are in use to connect to several liquidity providers. The tool has been designed for diverse implementation needs.

Java (Socket Based) and Financial Information Exchange (FIX) based integration options are available to better interact with various systems.

In order to apply for an API system, it is expected that the client has a basic IT know how or that the client can get the service of an integration company.

It is easy to apply for an IKON API, please fill the following enquiry form and our friendly API Specialist will get back to you within 24 hours.

What is the information needed to be provided to start API application?

  • Client e-mail
  • Company phone number
  • Full name

Information should be sent to support@ikonfinance.com.

What are the prerequisites to apply an API?

Clients need to fill an NDA and they should be explained that we require 200 million + USD notional monthly volume or we do charge up to 7000 USD for the use of API service.

What is API Trading?

IKON offers two superior solutions for direct API Trading. FIX API or Java Socket Based API solutions exceed industry standards.

IKON uses a FIX server with a custom message processor in order to distribute prices and receive FX trades as well as Spot Bullion Trades. It is a high speed system providing traders 24 hour access to streaming executable prices.

What is FIX?

The Financial Information Exchange (FIX) protocol is a technical specification for electronic communication of financial data that is a globally accepted standard of messaging specifications. For more information and supporting materials on the FIX protocol, please refer to the FPL website, http://www.fixprotocol.org.

What are the main features of FIX API?

  • receive streaming tradable quotes
  • send orders
  • get executions reports
  • cancel and replace working orders
  • request for open and closed positions
  • request for account values

What is Socket Based API?

The socket based API is a messaging policy system for developing server side communication applications for automatic order execution and streaming price feed. The system does not force developers to use any kind of third party dll or compiled code. Any environment that allows socket connection and send XML messages over it, is able to interact with the IKON Group servers. So the architecture is independent from the type of the operating system, networking structure, programming language that the client applications are using.

In this API, for every single message sent from the client to the server, there is a two phase response structure. The client is informed initially by the reach of the message to the server immediately. The result of the operation is sent with the second response message.

What are the main features of Socket based API?

  • Data transfer over the internet is encrypted via secure shell
  • Critical operations like sending or amending orders are protected with secure key exchange algorithm with client specific initial private keys
  • IP and password limitations are used while communication channels are being established

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