Oanda, a global provider of innovative forex trading services, is pleased to announce the free availability of its proprietary fxTrade platform code via the company's Rest (Representational State Transfer) application programming interface (API).
Programming language agnostic, the OANDA API allows current and prospective partners and individual traders the opportunity to develop customized apps, and trading algorithms and strategies on top of the broker's award-winning trading platform.
"Upon completing a successful beta program through which we received excellent feedback from our clients, the OANDA API is now publicly available and ready for the masses," said Barbara Bermes, Product Manager, OANDA API, OANDA Corporation. "Whether it's a corporation integrating forex hedging into its treasury systems, or a retail forex trader creating customized user interfaces to fxTrade or developing proprietary trading models, our API library provides direct communication with OANDA's fxTrade servers over secure, authenticated internet sessions with fully encrypted communication channels."
Created specifically to cater to any programming language, developers can wrap their applications around the OANDA API using Java, Python, .NET or any other preferred development language. Tailored to be easy-to-use, OANDA also provides a development guide that includes thorough user documentation, code samples, and reference implementations. The OANDA API features live and historical market data, trading support for market orders with trailing stops, stop-loss, take-profit, and standard and entry limit orders. There's also account data (for fxTrade clients), live streaming rates, and soon, push notifications.
"fxTrade offers many benefits to self-directed investors active in the currency, precious metals, commodities, and indices and bond markets. Transparency has been a hallmark of our business since its inception and the OANDA API is another example of that," said Trevor Young, Vice President, Product Management, OANDA Corporation. "Our API team has been intently focused on a number of initiatives including enhancing our Java API, building an accompanying partner program and online Marketplace, all the while delivering the APIs our clients demand."