An API (Application Programming Interface) is an interface or "intermediary" that allows a software program to interact with other software.
The sharing of information
In the context of forex trading, an API is the interface or platform that allows the platform to connect with the market. APIs have multiple features that facilitate the sharing of information, including real-time forex quotes, trading and commands "buy" and "sell".
Why is it important for brokers
The service API is offered by almost all the major forex brokers. Since the nature of forex trading makes fast preferable automated trading compared to manual trading for most traders, a reliable API is an important differentiator for a brokerage firm forex, ensuring stable operation of the platform and the execution of operations.
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