Oanda to Offer Algo Platform

Retail FX-broker Oanda says that it will offer clients an institutional algorithmic testing and execution platform through its partnership with Seer Trading Systems. Seer Trading offers algorithmic trading features that it claims are not currently available across retail focused platforms, including the ability to back-test multi-instrument strategies, back-test across multi-strategy algorithms, access to statistical computing, […]
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FX Retail Traders Say Discipline and Risk Management Are Most Important

Oanda has surveyed its traders to uncover what is most critical to their trading performance and provide tips for new traders for 2016. The findings also challenge misconceptions about the risk appetite of retail FX traders, the firm says.  When asked about the key attributes of a successful trader, being risk aware was the first […]
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M&A Trend Continues in FX with £200m Acquisition of Currencies Direct

M&A activity is continuing in the FX market with Palamon Capital Partners and Corsair Capital agreeing to buy Currencies Direct, a provider of FX and international payment solutions to private and corporate clients, for over £200 million. Currencies Direct’s private FX segment provides foreign exchange services to more than 150,000 registered retail clients. Its corporate […]
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Sterling’s Election Surge Expected to be Short-Lived

Despite a Sterling jump on Thursday evening after a BBC exit poll indicated a surprise outcome in the UK general elections, market analysts believe that the rally will be short-lived as the currency markets settle down to business as usual. However, volatility may return in the medium term because of the upcoming EU referendum that […]
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Aussie Dollar Climbs to Six Month High Following Central Bank Surprise

Australia’s central bank sprang a surprise on the foreign exchange markets this week by leaving interest rates unchanged at 4.25%, contrary to an expected cut. In response to the RBA’s decision, the Aussie dollar climbed to a six-month high against the US dollar, hitting US$1.0822 in early New York trading on Tuesday – not far […]
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