Oanda will now offer forward rates to corporate clients around via its Exchange Rates API.
This new data set aims to provide corporate treasurers and finance directors with an accurate, trustworthy view of the forwards market, offering over 360 forward rate currency pairs – which Oanda claims is more than any other currency data feed on the market.
Data is delivered via Oanda’s API and can be integrated into any treasury management system, enterprise resource planning system or billing software solution.
“Having been a trusted source of FX data for more than 20 years, Oanda is uniquely positioned to create a market consensus despite the decentralised treasury market, enabling us to deliver reliable forward rates to our clients. Designed to better serve the treasury and risk management community, our automated forward rates feed is delivered directly into client systems, helping companies manage FX risk and monitor the value of hedges they’ve already executed,” says Mateo Graziosi, head of FX data services, adding, “We’re very excited to launch our new forward rates product, which represents the latest in a series of upgrades we have made recently.”
The Oanda Exchange Rates API and related products are available through Oanda Global Corporation, which was acquired by CVC Capital Partners (CVC) Asia Fund IV in May 2018, subject to regulatory approvals.