IG, the financial services company, has launched IG Labs to give companies and traders access to the firm’s web API to enable them to develop their own trading applications.
By releasing its web application programming interface, institutions, brokers, individual traders and developers can now automate trades, build integrations and create trading apps that use IG's spread betting and CFD technology.
Ivan Gowan, head of IT development at IG, said: “Launching IG Labs and releasing our web trading API is a development which promises to yield commercially sound projects with future partners, while also giving our clients - be they institutions, brokers or individual traders - more control over the way they trade.”
IG "road tested" the new service prior to launching it at an internal codefest event, where the tech team was given free rein to develop new projects with the API.
The team developed an app that allows traders to balance positions across accounts, and further apps that provided live backgrounds that interact with the API, like the display of market data as a graph or historical client sentiment.
Institutions and retail investors are able to trade a range of popular asset classes using the web API, including indices, forex, commodities, binaries and options, and can access a number of IG platform features such as real-time and historical market prices, market instrument and client sentiment information, and risk management tools such as stops and limits.