NEW YORK–(BUSINESS WIRE)–Oct. 13, 2003–
Brokers, Corporate Treasurers, Money Managers, Hedge Funds and
Active Retail Traders Benefit With Automated FX Trading
OANDA, a pioneering currency trading and information company, today announced the availability of an application programming interface (API) for its electronic trading platform, FXTrade.
The OANDA FXTrade API Client Library offers foreign exchange brokers, corporate treasurers, money managers, hedge funds and active retail traders immediate execution, full market transparency and tight spreads in a real time, customizable environment.
Using a secure, authenticated session over the Internet, the FXTrade API enables customers to integrate the functionality that is available over the OANDA User Interface with applications such as order management systems, treasury systems and custom-built in-house applications. The FXTrade API is offered in the widely used programming languages C++ and Java.
FXTrade is a fully automated trading platform where OANDA acts as the market maker and allows clients to execute trades in real time. It is derived from over 15 years of foreign exchange market research and analysis. Key features of the platform include a user friendly, intuitive front end trading interface, fully automated trading, market transparency, instant settlement and deal confirmation, tight spreads (as low as 2-3 pips) on all major currencies offered – regardless of transaction size, and the smallest transaction sizes available anywhere. Additionally, users can open accounts in both U.S. dollars and Euros, and 21 currency pairs are currently available for trading, including all of the major spots.
“We’re very pleased to offer our clients a powerful new way for them to use our platform and to execute their trading strategies,” said Richard Olsen, CEO of OANDA. “The FXTrade platform has experienced excellent growth since its launch almost two years ago. Our client base has grown and volumes have exceeded our expectations. OANDA is firmly committed to offering its clients cutting-edge trading and data solutions that improve their access to the foreign exchange market.”
About OANDA
OANDA is a pioneer in Internet-based currency trading and a global leader in currency localization and information services. With one of the world’s largest historical high frequency, filtered currency databases, OANDA was the first to offer a broad range of currency exchange rate information free of charge to the general public over the Web in 1995 and today it services over a million queries a day. OANDA became an Internet-based business-to-business application provider (ASP) in 1997 and currently services over 75,000 ASP clients globally. With FXTrade, OANDA was one of the first to bring a fully automated currency trading system to the Web in early 2001. The OANDA FXTrade system offers retail clients a cutting-edge platform that provides competitive, real-time access to the foreign exchange market. For more information about OANDA and its services, please visit www.oanda.com.
OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
