26 October 2014

Oanda partners BeeksFX to offer retail traders lower latency

04 February 2014  |  489 views  |  0 Source: Oanda

Oanda, a global provider of innovative foreign exchange trading services, has partnered with BeeksFX to provide access inside one of the financial industry's leading data centres to customers of the award-winning fxTrade platform.

Through BeeksFX's fully managed Virtual Private Server (VPS) and Cross Connected offerings, currency investors, speculators, and algorithmic traders using OANDA's API's or MetaTrader4 (MT4) with fxTrade can expect some of the lowest latency in the retail forex industry.

"Low-latency access to the markets is a fantastic example of how OANDA, as a technology leader, can help to increase our clients' opportunities for success," said Courtney Gibson, Vice-President of Trading, OANDA Corporation. "Creating opportunities like this, to bring our customers inside the same data center enjoyed by large banks and major investment houses, is central to OANDA's mission of combining our position as both a technology powerhouse and a veteran market maker, to help create what we hope is the fairest possible market for customers and their investments."

Effective immediately, BeeksFX's and OANDA's servers are co-located at the world-renowned Equinix NY4 data center, alongside all the top financial markets worldwide, including the Chicago Board Options Exchange (CBOE), and located just milliseconds from Wall Street. Ultra-low latency networks are of the utmost importance to forex traders to ensure accurate trade entries and exits, and because currency markets almost never sleep, BeeksFX guarantees its VPS services with a 99.9% uptime policy.

Providing the best possible colocation services at the most affordable price available, BeeksFX offers three distinct monthly subscription packages: Bronze, Silver, and Gold. To celebrate the partnership, all of OANDA's fxTrade clients will receive a 30% discount on the subscription package they choose.

"Building on our global reputation for providing forex traders with exceptional execution quality on our fxTrade and fxTrade Mobile platforms, our decision to partner with BeeksFX means we will offer some of the lowest latency in the industry," said George Nassar, Product Management, OANDA Corporation. "Our innovaative trading platform, coupled with BeekFX's Cross Connected VPS, will provide our clients with one of the most affordable, flexible, and third-party friendly solution currently available to retail traders."

BeeksFX's fully managed VPS is available for all OANDA clients today. The Cross Connected VPS offering will be fully implemented with OANDA's servers in the second quarter of 2014.

"The location of the VPS to reduce latency has become all-important. Our robust, secure, and well-supported platform is tailored for the needs of the modern forex trader," said Gordon McArthur, CEO, BeeksFX. "We are delighted to partner with a broker like OANDA who shares the same customer-focused values and passion for excellence in the retail forex industry." 

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