OANDA Europe offers clients an Institutional algorithmic testing and execution platform with SeerTrading Systems 0
Posted on 8, December 2015
in Category news
LONDON–December 08, 2015–OANDA Europe Limited, one of the leading global providers of online foreign exchange (“Forex”, “FX”), precious metals and CFD trading services, has partnered with Seer Trading Systems, providing OANDA client’s with an Institutional-grade algorithmic back-testing and forward execution platform.
“Although a tool such as SeerTrading focuses on sophisticated algorithmic traders, this niche has become an important base of every broker’s clients. We are delighted that OANDA identified the importance of providing an Institutional-grade back-testing and forward execution tool for their clients.”
Seer Trading boasts algorithmic trading features that are not currently available across retail focused platforms, including the ability to back-test multi-instrument strategies, back-test across multi-strategy algorithms, access to R Project for statistical computing and graphics and the ability to deploy strategies on a linux VPS (“Virtual Private Server”) with enabled control of strategies. This combined with OANDA’s transparent pricing and deep liquidity provides one of the most powerful tools to algorithmic retail forex (“FX”, “Foreign Exchange”) traders.
Clients of OANDA now have the ability to build automated strategies that offer diversification across multiple instruments and tested on a market to market basis. The benefit helps avoid the surprises that present themselves to traders who are only watching single instrument strategies including only evaluating strategies based on equity curves.
Ilan Azbel, Director, SeerTrading commented, “Although a tool such as SeerTrading focuses on sophisticated algorithmic traders, this niche has become an important base of every broker’s clients. We are delighted that OANDA identified the importance of providing an Institutional-grade back-testing and forward execution tool for their clients.”
Trevor Young, Vice President, Product Management, OANDA commented, “The Seer Trading platform is one of the most quantitative trading platforms we have seen. Since OANDA provided access to our platform by offering trading API’s to our partners and clients, we have seen an increase in demand from our algorithmic traders who wish to run their strategies with OANDA across our fxTrade platform. Providing a powerful tool to allow them to develop, back-test and execute those strategies is a critical component for our traders and partnering with Seer provides them with these abilities. This partnership underpins OANDA’s commitment to the well-being of our clients”.
OANDA transformed the business of foreign exchange through an innovative approach to forex trading. The company’s industry-leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. In 2015, OANDA was honored to receive the “Best Customer Service” and “Best Mobile Platform” awards in Investment Trends’ 2015, USA and UK Leveraged FX Reports. OANDA was also recognized as the “Best Overall Satisfaction”, “Best Value for Money” and “Best Customer Service.
OANDA was the one of the first online provider of comprehensive currency exchange information, and today the company’s OANDA Exchange Rates® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has seven offices worldwide, in Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).
Leveraged trading is high risk and may not be suitable for everyone as your losses may exceed your investment. We advise you to consider whether trading is appropriate for you in light of your experience, objectives, financial resources, risk tolerance and other relevant circumstances. Ensure you fully understand all of the risks involved and seek independent advice if necessary. Please refer to our more detailed risk warning: http://fxtrade.oanda.co.uk/legal/risk-warning
OANDA Europe Ltd is Registered in England at Floor 9A, Tower 42, 25 Old Broad St, London, EC2N 1HQ, No: 7110087 Authorised and regulated by the Financial Conduct Authority, No: 542574.