OANDA Adds to Professional FX Toolset with MultiCharts

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Dec 02, 2014, 06:00 ET

Global forex broker announces plug-in for algorithmic trading and technical analysis

NEW YORK CITY, Dec. 2, 2014 /PRNewswire/ - OANDA, a global provider of innovative forex trading services, is pleased to announce its partnership with MultiCharts. Made possible via the broker's Application Programming Interface (API), FX traders can now access the award-winning MultiCharts platform via a custom OANDA fxTrade plug-in, providing charting, back-testing, and automated trading for more robust technical analysis.

"Based on feedback from our clients, we know that both access to professional technical analysis tools and providing a stable environment in which they can test trading strategies is crucial. MultiCharts allows professional traders the ability to do both, as well as back-testing functionality and real-time portfolio trading," said Trevor Young, Vice President of Product Management, OANDA Corporation. "MutliCharts is revered as the best in the industry and this partnership confirms OANDA's commitment to integrate with industry leaders to provide best of breed analysis capabilities to our fxTrade clients."

With the addition of the OANDA REST API in June, several forex software providers are building custom fxTrade integrations, adding to OANDA's arsenal of professional trading tools.

A comprehensive multi-asset toolset, MultiCharts offers high-definition charting; high precision back-testing; hundreds of built-in indicators and strategies; and the ability to import existing indicators or develop your own.

"Combining the power of our platform's capabilities with one of the world's largest and most accurate databases of currency rates via OANDA's API, then executing trades with fxTrade's near millisecond latency, we have a first-class solution for professional traders," said Dennis Globa, Founder and CEO, MultiCharts. "At the end of the day, our collective aim is, and will always be, to arm investors with tools that will help them make the best technical-based trading decisions."

For more information about OANDA's suite of APIs, please visit www.oanda.com. You can follow OANDA on Twitter, Facebook, or YouTube. For more information about MultiCharts, or for a free 30-day trial, please visit www.multicharts.com.

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. In 2014, OANDA was honored to receive the coveted "Highest Overall Client Satisfaction" and "Value for Money" awards in Investment Trends' 2014 USA and UK Leveraged FX Reports. OANDA was also recognized as the "Best Value Forex Broker," and MarketPulse, OANDA's macroeconomic news site, was named the "Best Forex Media Resource" at the 2014 U.K. Forex Awards.

OANDA was 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).

SOURCE OANDA