Is there a way to close a position or update a position with partial close using FIX API

Created at 02 Oct 2024, 04:51
Subscribe
How’s your experience with the cTrader Platform?
Your feedback is crucial to cTrader's development. Please take a few seconds to share your opinion and help us improve your trading experience. Thanks!
YM

ymalli144

Follow

Joined 11.08.2023

Is there a way to close a position or update a position with partial close using FIX API
02 Oct 2024, 04:51

Hi,

I am working on building an app that can help the traders to close the position partial or fully using FIX API but I didn't find the correct request to make this functionality.

Is there a way to close a position or update a position with partial close using FIX API?

 

Thanks.

@ymalli144
Replies

PanagiotisCharalampous
02 Oct 2024, 05:35

Hi there,

If you want to close an existing position, fully or partially, using FIX API, you need to use the New Order Single (MsgType(35)=D) message to send an order of the opposite direction and specify the position you want to modify in PosMaintRptID.

Best regards,

Panagiotis

@PanagiotisCharalampous
Copyright © 2024 Spotware Systems Ltd. All rights reserved.
cTrader Ltd offers through its group of companies the cTrader platform. The information on this website is for general informational purposes only and does not constitute financial or investment advice. cTrader does not solicit retail investors. Reliance on this information is at your own risk.