BJF Trading Upgrades Platform with WebSocket API Integration

BJF Trading Group has announced the integration of WebSocket API trading engines into its SharpTrader platform for select cryptocurrency exchanges. This upgrade aims to provide users with significantly enhanced speed and efficiency compared to traditional REST API methods. According to the company, this implementation allows for "tick-to-wire order sending," marking a considerable advancement in their trading capabilities.

The integration focuses on key benefits, including real-time updates for order execution, reduced latency for improved execution times, and lower bandwidth usage. The company highlighted that "WebSocket allows you to subscribe to order update events, enabling you to receive order execution reports without sending additional order status requests to server, unlike REST API."

The exchanges currently supporting this new feature include Binance (USDT Futures), Bitfinex (USDT Futures), Bybit (USDT Futures), CEX.IO (Spot), Crypto.com, Deribit, HitBTC (USDT Futures), HTX (USDT Futures), and OKX (USDT Swap). The company states that this upgrade is designed to improve the user experience by offering faster and more efficient trading.