AutoFX APIs

Choose the APIs which suit your needs

You can choose from two different types of APIs depending on the use case: the trading APIs and the information APIs. The FX trading APIs allows you to automate the entire trading process from simple spot conversions to more sophisticated hedging strategies. You decide what should trigger a trade – common triggers are orders, payments or positions in your system. The Information APIs allows you to fetch and use real-time FX rates for internal purposes, such as reporting, calculations and investment decisions. You can also fetch your trading history for accounting and post-trade purposes. 

Market Order API and FX Listed Rates API are used for conducting FX trading, either as spot, swaps or forwards at the current market rate, or as spot trades based on fixed pre-communicated rates, valid for e.g. 24 hours. 

The Pricing API and Trade Retriever API are your information tools for accessing your current market rates for spot, swaps and forwards, as well as retrieving your historical trades and automated bookkeeping. 

Advantages of AutoFX APIs

The AutoFX APIs are essential when adopting and implementing an automated trading strategy. They make FX trading easier by letting your systems communicate directly with Nordea’s FX trading platform. 

AutoFX APIs can

• Facilitate the trading and support analysis as well as calculations related to currency exposures 

• Save both time and resources by automating manual tasks 

• Make financial planning easier and more predictable

• Manage your FX risk in real-time by for example, letting invoices, sales-, order- or payments data trigger an FX trade.

• Help automate your bookkeeping directly from your company´s own platforms, in real time

Who would benefit from AutoFX APIs?

AutoFX APIs are useful for companies and institutions wanting to automate their FX handling and gaining real-time control of their foreign exchange risk management. They are suitable for businesses looking for simple yet sophisticated and easy-to-implement FX automation tools.

AutoFX APIs enable companies to make desired FX conversions, such as spot, forwards and swaps while implementing their own rules and processes, directly from their own systems, in real time. 

Satisfied customers include: 

• Companies executing cross-border e-commerce and wanting to offer their customers seamless international pricing in their local currency

• Financial institutions and niche banks, who frequently undertake automatic currency conversions related to securities trading, such as buy and sell orders as well as corporate actions

• Corporates looking to replace their manual hedging processes by integrating their ERP system to the Market Order API. Their invoices and orders are automatically hedged in real-time

• Corporates and institutions wanting to automate their time-consuming bookkeeping via the Trade Retriever API

• E-commerce and Fintechs, who can improve their offering with more payment currencies without taking any FX risks through the FX Listed Rates API. By using pre-defined currency rates, companies can price their products in more currencies, making sure that they reach their full global potential.