OANDA, a global leader in retail foreign exchange markets founded in 1996, is now making an effort to step into the institutional segment with the launch of OANDA Pro.
OANDA Pro is tailored to meet the advanced requirements of the professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms. It will be powered by Currenex, which is a leading provider of high-performance technology and deep pools of liquidity.
Possibilities with OANDA Pro
OANDA Pro delivers liquidity from numerous streaming banks, non-banks and through the Currenex anonymous ECN into a single consolidated Central Limit Order Book. Institutional clients are now going to be able to execute their trades through a fully customizable user interface, and access a wide range of features, such as algorithmic trading, full market depth view or advanced order types.
“Over the course of our 22-year history, we’ve combined our passion for innovation with ground-breaking technology to better serve our retail clients. Now for the first time, the launch of OANDA Pro enables us to also cater to the more sophisticated needs of institutional traders, providing them with access to a fully customizable platform, deep liquidity pools and real-time pricing that ensures a comprehensive view of the market at all times. We’re delighted to be partnering with Currenex to deliver an award-winning institutional solution to our professional FX traders,” said Vatsa Narasimha, President and CEO of OANDA Corporation.
“We are very pleased that OANDA has chosen Currenex to provide the technology and liquidity aggregation for their new institutional offering. With OANDA Pro, OANDA clients will be in a position to leverage the significant investments Currenex has made to develop a new advanced and intelligent HTML5 GUI. We look forward to continuing to work closely with the team of OANDA to help them and their client base take full advantage of all our solutions,” said James Reilly, Head of Currenex.
It is important to emphasize that the institutional forex trading accounts powered by Currenex are held by OANDA Corporation.