New York, October 13, 2003âOANDA, a pioneering currency trading and information company, today announced the availability of an application programming interface (API) for its electronic trading platform, FXTrade.
The OANDA FXTrade API Client Library offers foreign exchange brokers, corporate treasurers, money managers, hedge funds and active retail traders immediate execution, full market transparency and tight spreads in a real time, customizable environment.
Using a secure, authenticated session over the Internet, the FXTrade API enables customers to integrate the functionality that is available over the OANDA User Interface with applications such as order management systems, treasury systems and custom-built in-house applications. The FXTrade API is offered in the widely used programming languages C++ and Java.
FXTrade is a fully automated trading platform where OANDA acts as the market maker and allows clients to execute trades in real time. It is derived from over 15 years of foreign exchange market research and analysis. Key features of the platform include a user friendly, intuitive front end trading interface, fully automated trading, market transparency, instant settlement and deal confirmation, tight spreads (as low as 2-3 pips) on all major currencies offered â regardless of transaction size, and the smallest transaction sizes available anywhere. Additionally, users can open accounts in both U.S. dollars and Euros, and 21 currency pairs are currently available for trading, including all of the major spots.
"Weâre very pleased to offer our clients a powerful new way for them to use our platform and to execute their trading strategies," said Richard Olsen, CEO of OANDA. "The FXTrade platform has experienced excellent growth since its launch almost two years ago. Our client base has grown and volumes have exceeded our expectations. OANDA is firmly committed to offering its clients cutting-edge trading and data solutions that improve their access to the foreign exchange market."