Global forex and contracts for difference (CFD) trading services broker OANDA has enhanced its application programming interface (API) suite for retail forex traders, developers, and partners.
Additions include the re-launch of the OANDA API developer portal with added reference implementation, including a fully functional sample trading app, additional code samples, new APIs for the broker’s proprietary fxLabs tools, an OANDA-MetaTrader 4 (MT4) API, and several new partner integrations.
The company said that since last June’s launch of the OANDA REST API, hundreds of traders have opened fxTrade accounts that led to a 40% increase of API-specific trading volume. Additionally, one third of these users are trading more than 50% of their overall trading activity via the OANDA API.
“As a technology-led forex business, OANDA prides itself on cresting the apex where client demand, industry trends, creativity and innovation all converge,” said Trevor Young, vice president (VP), product management, OANDA Corporation.
“With the consecutive additions to our API suite, we’re customising the offering to enable professional traders the tools to leverage pre-existing indicators or to easily develop their own algorithms.”
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.