OANDA Partners with BeeksFX to Offer Retail Traders Lower Latency
Currency investors, speculators, and algorithmic traders using the fxTrade platform get direct access to one of the world's premiere data centers
NEW YORK CITY – February 4, 2014
OANDA, a global provider of innovative foreign exchange trading services, has partnered with BeeksFX to provide access inside one of the financial industry's leading data centers to customers of OANDA's award-winning trading platform. Through BeeksFX's fully managed Virtual Private Server (VPS) and Cross Connected offerings, currency investors, speculators, and algorithmic traders using OANDA's APIs or MetaTrader4 (MT4) with fxTrade can expect some of the lowest latency in the retail forex industry.
“Low-latency access to the markets is a fantastic example of how OANDA, as a technology leader, can help to increase our clients' opportunities for success,” said Courtney Gibson, Vice-President of Trading, OANDA Corporation. “Creating opportunities like this, to bring our customers inside the same data center enjoyed by large banks and major investment houses, is central to OANDA's mission of combining our position as both a technology powerhouse and a veteran market maker, to help create what we hope is the fairest possible market for customers and their investments.”
Effective immediately, BeeksFX's and OANDA's servers are co-located at the world-renowned Equinix NY4 data center, alongside all the top financial markets worldwide, including the Chicago Board Options Exchange (CBOE), and located just milliseconds from Wall Street. Ultra-low latency networks are of the utmost importance to forex traders to ensure accurate trade entries and exits, and because currency markets almost never sleep, BeeksFX guarantees its VPS services with a 99.9% uptime policy.
Providing the best possible colocation services at the most affordable price available, BeeksFX offers three distinct monthly subscription packages: Bronze, Silver, and Gold. To celebrate the partnership, all of OANDA's fxTrade clients will receive a 30% discount on the subscription package they choose.
“Building on our global reputation for providing forex traders with exceptional execution quality on our fxTrade and fxTrade Mobile platforms, our decision to partner with BeeksFX means we will offer some of the lowest latency in the industry,” said George Nassar, Product Management, OANDA Corporation. “Our innovative trading platform, coupled with BeekFX's Cross Connected VPS, will provide our clients with one of the most affordable, flexible, and third-party friendly solution currently available to retail traders.”
BeeksFX's fully managed VPS is available for all OANDA clients today. The Cross Connected VPS offering will be fully implemented with OANDA's servers in the second quarter of 2014.
“The location of the VPS to reduce latency has become all-important. Our robust, secure, and well-supported platform is tailored for the needs of the modern forex trader,” said Gordon McArthur, CEO, BeeksFX. “We are delighted to partner with a broker like OANDA who shares the same customer-focused values and passion for excellence in the retail forex industry.”
For details on the BeeksFX for OANDA offer, visit: https://www.beeksfx.com/index.php/oanda-reservation.
OANDA Corporation transformed the business of foreign exchange through an innovative approach to forex 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 five offices worldwide, in Chicago, London, Singapore, Tokyo, and Toronto. OANDA is 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), and the Japanese Financial Services Agency (FSA).
Founded in 2009 in Glasgow, Scotland, by two IT entrepreneurs, BeeksFX VPS are global experts in the provision of low latency, automated, robust, and secure trading platforms. The aim of the company is simple: to provide technical expertise and advice in the highly sophisticated area of automated trading.