|[February 04, 2014]
OANDA Partners with BeeksFX to Offer Retail Traders Lower Latency
NEW YORK & TORONTO --(Business Wire)--
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
centers to customers of OANDA's award-winning trading platform. Through
BeeksFX's fully managed Virtual Private Server (VPS) and Cross Connected
offerings, currency investors, speculators, and algorithmic traders
using OANDA's APIs 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
Effective immediately, BeeksFX's and OANDA's servers are co-located at
the world-renowned Equinix (News - Alert) 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%
Providing the best possible co-location 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
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."
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
For details on the BeeksFX for OANDA offer, visit: https://www.beeksfx.com/index.php/oanda-reservation.
For more information about OANDA, please visit: www.oanda.com,
and follow us on Twitter,
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
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).
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.
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