Welcome!

News Feed Item

OANDA Partners With BeeksFX to Offer Retail Traders Lower Latency

LONDON, February 4, 2014 /PRNewswire/ --

Currency investors, speculators, and algorithmic traders using the fxTrade platform get direct access to one of the world's premiere data centres

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 innovative 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."

Beeks FX'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."

For details on the BeeksFX for OANDA offer, visit: https://www.beeksfx.com/index.php/oanda-reservation.

For information about OANDA, visit: http://www.oanda.co.uk, and follow us on Twitter, Facebook or YouTube.

About OANDA

OANDA Corporation 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. The company's many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honored with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each the U.S., UK, and Asia Pacific markets.

OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.

OANDA has five offices worldwide, in Chicago, London, Singapore, Tokyo, and Toronto. OANDA is 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), and the Japanese Financial Services Agency (FSA).

OANDA Europe Limited is a company registered in England number 7110087 limited by shares with its registered office at 25 Watling Street, London, EC4M 9BR and is authorised and regulated by the Financial Conduct Authority, No: 542574.

About BeeksFX

Founded in 2009 in Glasgow, Scotland, by two IT entrepreneurs, BeeksFX VPS are global experts in the provision of low latency, automated, robust, and secure trading platforms. The aim of the company is simple: to provide technical expertise and advice in the highly sophisticated area of automated trading.

Media contact:

Cognito for OANDA Europe
Paul Bowhay / Bryony Scragg
Direct: +44(0)20-7426-9400
[email protected]
http://www.cognitomedia.com


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Archi...
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...