FX industry shows little appetite for single API

Market players sceptical over need for standard programming code to connect clients with services


For the past four years, Citi has been working to fix what it sees as a problem with its foreign exchange trading services: a multitude of programming codes used to connect clients with its various services and products.

These so-called application programming interfaces (APIs) also differ between banks and other liquidity providers (LPs). But not everyone agrees with Citi that it is desirable, or feasible, to replace them with a single industry API. The worry is that doing so will stifle

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Outlook for e-FX: opportunities and risks for banks

As electronification spreads into new areas of FX trading, banks are under pressure to digitise more of their offerings to remain competitive. The race is now on to automate pricing, trading and hedging in areas such as non-deliverable forwards, swaps…

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: