OANDA, an online provider of multi-asset trading, announced this Tuesday that it has partnered with Chasing Returns in order to bolster its offering by giving clients more advanced Chasing Returns features.
Chasing Returns, a Dublin-based fintech, uses behavioral science to improve trading. The partnership announced today builds on the existing collaboration between the two companies, which saw Chasing Returns’ risk management technology integrated into OANDA’s trading platform in 2018.
Under the new agreement, clients of the multi-asset broker can access more advanced Chasing Returns features across the trading provider’s suite of platforms. This includes the API and third-party platforms.
OANDA: A fintech firm at heart
Commenting on the partnership, Mohsin Siddiqui, Chief Client Officer at OANDA, said in the statement: “A FinTech firm at heart, OANDA has long been dedicated to providing clients with access to state-of-the-art trading tools that utilise cutting-edge technology to help them be more successful.”
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“As such, extending our ongoing relationship with Chasing Returns was an obvious choice, introducing new features and advanced functionality to our OANDA Trading Management Portal that clearly add value to clients by showing how a better understanding of inherent individual trading biases can lead to improved discipline and portfolio profitability.”
Specifically, the new features include the OANDA Performance Statements option, among other new features. This allows traders to keep daily records and download statements on demand. These statements include Chasing Returns performance market data and market insights, the statement said.
“We’re delighted to have extended our relationship with OANDA, exploring new ways we can work together to help their clients succeed,” added the CEO of Chasing Returns Ann Hunt in the statement.
“Based on behavioural science, our tools have been specifically designed to provide deep insights into individual trading strategies, providing a clear line of sight over when each individual is most – and least – successful, enabling them to enjoy a more objective view that could help maximise success. We hope this will help create a competitive edge in the trading strategies of OANDA clients all over the world.”