OANDA Adds Forward Rates to Exchange Rates API

OANDA, a provider of multi-asset trading services, announced today that it now offers forward rates via its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Rates API to its corporate clients. This will allow organizations the ability to monitor the mark-to-market value of forward contracts.

According to the statement, the new dataset aims to provide corporate treasurers and finance directors with an accurate view of the forwards market. It will offer over 360 forward rate currency pairs. The data is available through the company's API.

Clients of the broker now have access to the forward rates, in addition to the existing daily averages, real-time (spot) rates, central bank exchange rates, and tick-level data. All of this data helps to mitigate currency exposure for treasury, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and finance departments.

Commenting on the feature, Mateo Graziosi, Head of FX Data Services at OANDA said: "having been a trusted source of FX data for more than 20 years, OANDA is uniquely positioned to create a market consensus despite the decentralised treasury market, enabling us to deliver reliable forward rates to our clients."

“Designed to better serve the treasury and risk management community, our automated forward rates feed is delivered directly into client systems, helping companies manage FX risk and monitor the value of hedges they've already executed. We're very excited to launch our new forward rates product, which represents the latest in a series of upgrades we have made recently."

The acquisition of OANDA

Investors can access the broker’s Exchange Rates API and other related products through the OANDA Global Corporation. Earlier this year in May, Finance Magnates reported that OANDA was acquired by CVC Capital Partners Asia Fund. The deal saw one of the largest brokerages in the industry and the US shift ownership, subject to regulatory approvals.

The deal will see the broker become owned by the private investment group. However, there won't be any changes in leadership. This means, the company's Chief Executive Officer, Vatsa Narasimha, will retain his role.