LONDON, June 18, 2014 /PRNewswire/ --
Leading forex broker provides open access to its award-winning trading platform to allow for customized app builds and personalized trading strategies
OANDA, a global provider of innovative forex trading services, is pleased to announce the free availability of its proprietary fxTrade platform code via the company's REST (Representational State Transfer) application programming interface (API). Programming language agnostic, the OANDA API allows current and prospective partners and individual traders the opportunity to develop customized apps, and trading algorithms and strategies on top of the broker's award-winning trading platform.
"Upon completing a successful beta program through which we received excellent feedback from our clients, the OANDA API is now publicly available and ready for the masses," said Barbara Bermes, Product Manager, OANDA API, OANDA Corporation. "Whether it's a corporation integrating forex hedging into its treasury systems, or a retail forex trader creating customized user interfaces to fxTrade or developing proprietary trading models, our API library provides direct communication with OANDA's fxTrade servers over secure, authenticated internet sessions with fully encrypted communication channels."
Created specifically to cater to any programming language, developers can wrap their applications around the OANDA API using Java, Python, .NET or any other preferred development language. Tailored to be easy-to-use, OANDA also provides a development guide that includes thorough user documentation, code samples, and reference implementations. The OANDA API features live and historical market data, trading support for market orders with trailing stops, stop-loss, take-profit, and standard and entry limit orders. There's also account data (for fxTrade clients), live streaming rates, and soon, push notifications.
"fxTrade offers many benefits to self-directed investors active in the currency, precious metals, commodities, and indices and bond markets. Transparency has been a hallmark of our business since its inception and the OANDA API is another example of that," said Trevor Young, Vice President, Product Management, OANDA Corporation. "Our API team has been intently focused on a number of initiatives including enhancing our Java API, building an accompanying partner program and online Marketplace, all the while delivering the APIs our clients demand."
OANDA Corporation transformed the business of foreign exchange through an innovative approach to FX trading. The company's industry leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company's many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honored with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each the U.S., UK, and Asia Pacific markets.
OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has eight offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).
OANDA Europe Limited is a company registered in England number 7110087 limited by shares with its registered office at 25 Watling Street, London, EC4M 9BR and is authorised and regulated by the Financial Conduct Authority, No: 542574.
Leveraged trading in Foreign Currency Contracts, precious metals, and CFDs may not be suitable for everybody as they are high-risk products. We advise you to consider whether trading is appropriate for you in light of your experience, objectives, financial resources, risk tolerance and other relevant circumstances. Since you could lose some or all of your deposited funds, you should ensure you fully understand all of the risks. More details can be found at: http://fxtrade.oanda.co.uk/legal/risk-warning.