OANDA Unveils New Web API for fxTrade Platform
Leading forex broker provides open access to its award-winning trading platform to allow for customized app builds and personalized trading strategies
NEW YORK CITY; June 18, 2014
OANDA, a global provider of innovative forex trading services, is pleased to announce the free developer access to its proprietary fxTrade platform via the company’s web based REST application programming interface (API). The new 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, using any programming language.
“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 suite 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 build their applications on 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 via the company’s developer portal. 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 events streaming.
“fxTrade offers many benefits to self-directed investors active in the currency, precious metals, commodities, 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 building an accompanying partner program and online Marketplace, all the while enhancing and delivering the APIs that our clients demand.”
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).