APIs as a trading product serves a very niche segment of traders. APIs in the industry were always built for programmers first and not traders, with a complex set of requests for each order. When we launched DhanHQ, we wanted to provide the best platform and an entire ecosystem to Dhan users, so that they have all the tools in their arsenal when it comes to trading, backed by our core infrastructure.
With DhanHQ, we are trying to simplify API based trading for individual systematic traders and platforms. One of the major challenges with API trading is the number of GET requests which need to be handled to know about status of orders, to get real time updates when trading via APIs.
As we try to simplify API trading, we wanted to offer a simple solution for all order updates to your system, without the need for having to manage scenarios of GET requests. We explored various solutions for this, and finally leveraged postbacks.
Introducing Postbacks for Order Updates on DhanHQ, which will give real time trade notifications as postback messages on your trading system.
With Postback Updates for Orders, you’ll receive real-time messages about your trading orders directly to your own system along with Dhan Platforms. You can stay informed about critical updates on your orders, such as order fills, partial fills, or order rejections, all in real-time. This saves hassle of configuring GET requests and less chances of breaching rate limits.
You can set up a Postback URL while generating your Access token itself. To know more about the specifications, you can read them here: Postback - DhanHQ Ver 1.0 / API Document
At Dhan, we are at the forefront of technology, and Postback Updates for Orders is just one more way we’re pushing the boundaries of what’s possible in the world of trading.
This is a must add to anyone who uses their own trading system to trade, so do try it and let us know your feedback.