About Institutional
Institutional access connects your firm directly to the True Markets exchange, our central limit order book. You place orders and read market data over REST, WebSocket or FIX, and your firm's accounts are set up with our team during onboarding. If you want to trade your own True Markets account from code, read the Trading API documentation. If you're building an app where your customers trade, read Gateway.
Who it's for
- Trading firms and market makers that trade their own book.
- Asset managers and introducing firms that trade for their clients.
Any firm that needs direct market access can apply. We verify your firm with KYB (Know Your Business) before we issue credentials.
How you connect
REST and WebSocket are reachable over the internet. You sign each request with HMAC credentials that we issue to your firm.
FIX is the lowest-latency path. A FIX session is a long-lived connection that you log on to once and keep open. FIX runs over a private network connection, which we set up with your firm during onboarding.
Get set up
- Access and credentials: apply, connect and receive credentials.
- Account models: how your accounts and clients are structured.
- Manage clients: read your clients and set their self-trade prevention.
- Trade over FIX or REST. Both cover the same trading actions.
Reference
- CeFi direct REST
- CeFi direct FIX
- CeFi direct WebSocket
- Exchange documentation: trading rules, fees, price bands and increment sizes.
Next: Access and credentials