OANDA Teams Up with QuantConnect to Launch New Algo Trading Portal

OANDA, a provider of multi-asset trading services has undergone an integration of its service suite with QuantConnect’s open-source, Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based algorithmic trading engine, helping extend retail client trading capabilities, according to an OANDA statement.

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The new partnership will help allow OANDA’s trading clientele to build, backtest, and trade using QuantConnect’s algorithmic trading module, directly from the OANDA platform. Clients will thus be able to access OANDA Algo Lab, which will represent the new destination for the freshly assimilated capabilities of QuantConnect’s engine. The service will be free for OANDA clients and will provide traders with access to a focused community of both algorithmic and quantitative traders, as well as series of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term tutorials.

Targeted Focus

As such, the development will cater specifically towards targeting OANDA clients who have an idea about the financial markets and want to test and automate that idea. These typically include engineers, programmers, scientists, mathematicians and quants, but is not limited to these groups.

"We were always attracted to OANDA due to its well designed, open source API technology. This made integrating to OANDA in the QuantConnect/ LEAN open source project simple so we were able to quickly offer their brokerage to our clients. Over time we grew our OANDA Brokerage client base and reached out to see if there were better ways we could work together," explained QuantConnect’s CEO Jared Broad in an exclusive statement to Finance Magnates.

"We’re excited to be launching the white label integration to allow OANDA clients to design strategies in a more familiar environment, for free. Over the coming months we’ll be launching features to make this easier to use to reach a broader market. In addition to the white-label integration QuantConnect provides access to OANDA financial data for free download," he added.

According to Alex Case, Director of Product Management, Trading Platforms at OANDA, in a statement on the integration, “At OANDA, we are firmly committed to partnering with clients on their journey towards becoming a successful self-directed trader, offering award-winning education resources, up-to-the-minute market commentary and state-of-the-art trading tools that arm our clients with the necessary insights to help them identify trading opportunities while protecting their portfolio from risk.”