OANDA and Autochartist Develop Exclusive Retail FX Trading Feature
Leading forex broker expands partnership to provide forex traders with new technical analysis tools
NEW YORK CITY; July 16, 2014
OANDA, a global provider of innovative forex trading services, is pleased to introduce two new technical analysis features to its clients via the broker’s content partnership with Autochartist: Correlating Signals and Our Favorites.
A joint product development between the two companies and exclusive to OANDA fxTrade clients, through the Correlating Signals feature investors can receive e-mail notifications flagging trading opportunities when support/resistance levels coincide with chart pattern projections.
“At OANDA we pride ourselves on delivering tools that enable our clients to improve their trading strategies and we’re excited to add an exclusive indicator like Correlating Signals to their arsenals,” said Trevor Young, Vice President of Product Management, OANDA Corporation. “The OANDA partner program is a key method through which we continuously innovate, and our work with Autochartist helps us provide powerful, advanced technical analysis tools to retail FX traders.”
Another addition to the award-winning fxTrade platform is Autochartist’s Our Favorites. The product provides users with potential trading opportunities with the highest probability of hitting the forecast price. Each opportunity is evaluated against past performance with respect to the pattern type, the instrument and the time of day it was identified.
“Our software scans more than 10,000 market data points per minute to identify price trends and chart patterns for traders, and incorporating Correlating Signals is a direct result of OANDA client feedback,” said Ilan Azbel, President and CEO, Autochartist. “Thousands of OANDA’s clients have included Autochartist offerings into their trading day, and we will continue to deliver these innovative joint-development solutions that help clients trade smarter.”
OANDA Technical Analysis is available free to all OANDA trading clients. fxTrade Practice account users will have access for a limited time (analysis in the demo environment is delayed by five candlesticks).
Since starting up in 2004, Autochartist has partnered with many leading forex, CFDs, equities and commodities brokerage firms across the globe. A decade later, more than 50,000 traders in over 80 countries worldwide receive more than 400,000 trading opportunities per month.
Award-winning Autochartist’s core values include commitment to service excellence and ongoing market leadership through developing innovative new products.
OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s 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., U.K., and Asia-Pacific markets.
OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Exchange Rates® 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).