OANDA Selects FairXchange as Execution Analytics Provider

FX brokerage firm OANDA has selected FairXchange to provide clients with an independent analysis of execution performance.

The deal enables OANDA to deliver access to tools and techniques that help its clients manage and optimise their eFX businesses in an increasingly complex market environment. Also, the company will be using FairXchange to help its clients gain more transparency and provide them with insights on their FX trading activity.

OANDA is a multi-regulated broker with offices in Toronto, Europe, and the Asia Pacific region. The ‎company operates an FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term utilized by a mix of retail and institutional investors. ‎It also provides currency information services to individuals, large corporations, and portfolio ‎managers.‎

By choosing FairXchange, OANDA can address the growing challenges in respective jurisdictions presented by ongoing regulatory changes. Though It offers customers the ability to conduct analysis across a variety of metrics for each trade.

The firm’s analytical framework, Horizon, provides metrics that help clients analyze the different events associated with FX trading alongside the actual fills. More specifically, Horizon takes a large data-set of any trading event that can be captured electronically and compares it to market data at the time.

Commenting on the partnership, OANDA’s Head of Trading, Mark Chesterman said, “Over the course of our 24-year history, OANDA has worked hard to build a reputation for transparency and fairness, and we remain as committed to this ethos as ever. As such, we’ve partnered with FairXchange in order to facilitate open conversations with our Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term partners using market-leading microstructural analysis, enabling mutually-beneficial decision-making grounded in data science. We believe a strong partnership with our liquidity partners will ultimately lead to better, more consistent, and tighter pricing to our clients.”

FairXchange’s CEO, Guy Hopkins, added, "We are delighted to be partnering with OANDA, one of the true pioneers of the electronic trading industry. Our core philosophy is that everyone in financial markets – both liquidity consumers and providers – should be able to transact in a way that is commercially sustainable in the long term. Being truly independent, we are ideally placed to provide a fully transparent and impartial offering to OANDA.”