05.07.2018

OANDA Launches FX Trading Platform

 

The buy-side is getting another electronic way to access the forex markets.

Technology solutions firm OANDA has  launched an institutional trading platform tailored to meet the advanced requirements of professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms, according to Head of Trading. The new system, dubbed OANDA Pro, is reported to be powered by State Street’s Currenex.

HoT added that OANDA Pro delivers liquidity from multiple streaming banks, non-banks and through the Currenex anonymous ECN into a single consolidated Central Limit Order Book. Offering a robust trading experience supported by a low-latency network, institutional clients can now execute their trades through a fully customisable user interface — whether java-based or HTML5 GUI — and access a wide range of features including advanced order types, algorithmic trading, full market-depth view with attributed prices, charting and a suite of adjustable parameters. Execution and market data consumption is also supported via FIX, ITCH, and OUCH API protocols.

Vatsa Narasimha, President & CEO of OANDA Corporation, said, “Over the course of our 22-year history, we’ve combined our passion for innovation with ground-breaking technology to better serve our retail clients. Now for the first time, the launch of OANDA Pro enables us to also cater to the more sophisticated needs of institutional traders, providing them with access to a fully customizable platform, deep liquidity pools and real-time pricing that ensures a comprehensive view of the market at all times. We’re delighted to be partnering with Currenex to deliver an award-winning institutional solution to our professional FX traders.”

“We are very pleased that OANDA has chosen Currenex to provide the technology and liquidity aggregation for their new institutional offering,” said James Reilly, Head of Currenex. “With OANDA PRO, OANDA clients will be in a position to leverage the significant investments Currenex has made to develop a new advanced and intelligent HTML5 GUI. We look forward to continuing to work closely with the team at OANDA to help them and their client base take full advantage of all our solutions.”

Related articles

  1. Upstart exchange has seen market share increase to near 4%.

  2. Goldman Sachs Asset Management’s fundamental equity business manages over $20bn in thematic equities.

  3. Data extraction and integration is the second stage of a digitization process.

  4. With Ankit Mittal, Business Change Manager, Global Trading, Schroders

  5. IIGCC and lead investors will launch a pilot with companies including BP, Eni, Repsol, Shell and Total.