OANDA Teams Up With FXLoader to Facilitate Automated Data to Oracle Users

OANDA’s Solutions for Business, a corporate-focused subsidiary of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) brokerage OANDA Corporation, has unveiled a new collaboration with FX integration software provider, FXLoader, helping deliver automated exchange rates data to Oracle ERP customers, according to an OANDA statement.

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The partnership will aim to circumvent the need to rely on third party systems helping undercut the need for dedicated internal resources. As such, the partnership between OANDA and FXLoader will aim to facilitate users of Oracle JDEdwards, Oracle E-Business Suite, Oracle 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, and Peoplesoft, to directly retrieve automated exchange rates via OANDA’s API directly within the Oracle ecosystem.

The initiative is the latest development at OANDA, which follows on the heels of a number of integrations that the group has since offered to customers in recent months, which has emphasized out-of-the-box solutions to help transmute exchange rates data into their respective business and IT processes.

Presently, FXLoader operates as an Oracle Gold Partner and a supporter of the Oracle user groups OAUG and UKOUG – the partnership is important for individuals looking to gain access to large swaths of datasets and information.

According to Mateo Graziosi, Head of Business Development and Partnership, OANDA, in a recent statement on the partnership: “In today’s volatile currency markets, FX is no longer just a footnote on the balance sheet. Our partnership with FXLoader provides the Oracle community with an answer to the increasingly prevalent issue of FX. In an industry fraught with resource intensive solutions, this partnership will provide Oracle users with a lightweight and affordable product that can be implemented almost immediately.”

“Updating an ERP system is traditionally a complex and time-consuming process but our tie-up with OANDA provides a simple and cost-effective alternative. Users of these Oracle ERP systems will now have automatic access to the world's largest dataset of currency data, with no disruption or development work,” explained Peter Care, President and CEO of FXLoader, in an accompanying statement.