We’ve released new Drawdown API endpoints to help you retrieve eligible open positions, submit drawdown requests, process payments, and get a detailed view of your trades and associated drawdowns. Here’s what’s new:

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Available only to Risk Management (RM) entities.

Retrieve Eligible Open Positions

New Filtering Guidance: Use GET /v1/fx/trades with Trade Type (forward) and Trade Subtypes (open, window, variable, fixed) to identify drawdown-eligible positions.

Check Individual Trade Details

New Endpoint Highlight: Use GET /v1/fx/trades/forwards/tradeID to retrieve balance remaining, access date, and other critical trade details before making a drawdown request.

Place a Drawdown Request

Step-by-Step Guide: Learn how to submit drawdowns via POST /v1/fx/trades/forwards/drawdowns.

Key Parameters Explained: Trade selection, fixing the buy/sell currency, value dates, and funding methods.

Payment Instructions: Optionally attach beneficiary details or credit the drawdown to your default currency account.

Retrieve Drawdown Information

New Data Insights: Use GET /v1/fx/trades/forwards/tradeID/drawdowns to track executed drawdowns, remaining balance, and margin impact.

Check out the full documentation for more details.

If you have any questions or need further assistance, please get in touch with our support team at [email protected]

Happy building! 🚀

The Alpha API Development Team