Are you ready to build something great?
Our clients and developers will be excited to know OANDA’s new REST (REpresentational State Transfer) application programming interface (API) is now available for free to build apps and trading strategies on top of our award-winning trading platform.
Last February, we initiated a private beta of the REST API to a select group of clients. The valuable feedback they provided us was overwhelmingly positive and we included much of their recommendations into the final version. Now, we’re ready to introduce it to the whole wide world and we can’t wait to see who builds what on top of fxTrade.
It has been said that APIs are a partnership lubricant. It’s true. The purpose behind OANDA’s public API offerings is to open our data and services to individual traders and our partners. In essence, we are handing them the key to build amazing applications and trading algorithms based on fxTrade. By offering several different APIs, we are striving to give our clients platform choices to build their own strategies, instead of limiting them to a specific programming language.
Variety equals more Development Choices
Specifically, and in the last few months, our API team has been intently focused on a number of initiatives including enhancing our Java API, an accompanying partner program and online Marketplace, increasing our infrastructure and backend to support these newly created traffic channels, and continuing to support the APIs our clients want.
A few of our clients wondered if OANDA would continue to support the Java software development kit (SDK) or not. We will. We have no intention of restricting our clients to only using the REST API, and we understand that some people are more comfortable with SDKs, particularly when programming with Java.
For individual traders, the OANDA REST API is easy-to-use and its programming language agnostic. Developers can wrap their applications around it with Java, Python, .NET or any other preferred development language, and there are straightforward code samples and reference implementations they can access. It provides 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 those with fxTrade accounts), live streaming rates, and soon, streaming notifications.
Flexible and Easy to Integrate
With respect to pricing, OANDA has waived the US$600 licensing fee it once applied. Our clients can use our API for free for the purpose of trading through their own fxTrade accounts.
For anyone wishing to use this dynamic API for something other than trading, or if you are interested in finding out how your company can become a trusted OANDA partner, please send us an email. On that note, we will soon revamp our dedicated API developer portal to anyone who is interested access to documentation, code samples, and reference implementation guides to help them build their apps and trading strategies.
Give it a try! We always appreciate receiving our clients’ feedback, so please leave a comment in the box below, or tweet at us: @oandaapi.