Trading Firms
Firms trading on the CeFi venue over REST + FIX — principal, agency, and fully-disclosed models.
Your firm trades on the True Markets CeFi venue over FIX or REST. This path covers firms trading their own book, asset managers trading a pooled account for many clients, and introducing firms with each client individually disclosed — the rails are identical, and only the account structure differs.
Account model: principal, omnibus agency, or fully disclosed. Verified with KYB.
Start with the team
None of this is self-serve. Before you can send an order:
- Apply at truemarkets.co/institution/get-started, or email [email protected].
- KYB — for asset managers and introducing firms this covers the manager or introducing firm, not each underlying client.
- Network access — the venue isn't on the public internet, so your egress IPs are added to a VPN / PrivateLink allowlist.
- Credentials — HMAC keys for REST, session credentials for FIX.
- Certify in UAT against the FIX spec before trading live.
→ Access and credentials covers steps 2–5 in detail.
Then come back here
Start with your account model — it follows from how your firm is structured, and it determines whether you have downstream clients to provision at all.
| what | where |
|---|---|
| Which of the three models applies to your firm | Account models |
| Provision and configure downstream clients | Manage clients |
| The lowest-latency path for order entry | Trade over FIX |
| A full HTTP alternative, HMAC-signed per request | Trade over REST |
| REST and WebSocket feeds | Market data |
| Every endpoint | CeFi REST API |
| Rulebook, fees, price bands, increment sizes | Exchange documentation |
Providing two-sided liquidity? The Market Maker path is the same product, focused on latency and fee tiers.