Currency cogs

OANDA partners with BeeksFX to offer retail traders lower latency

OANDA, a provider of foreign exchange trading services, has partnered with BeeksFX to provide data centre access to customers of OANDA’s 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,” says Courtney Gibson, vice-president of trading, OANDA Corporation. “Creating opportunities like this, to bring our customers inside the same data centre 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 investments.”
 
Effective immediately, BeeksFX’s and OANDA’s servers are co-located at the Equinix NY4 data centre, alongside all the top financial markets worldwide, including the Chicago Board Options Exchange (CBOE), and located just milliseconds from Wall Street. BeeksFX guarantees its VPS services with a 99.9 per cent uptime policy.
 
BeeksFX offers three distinct monthly subscription packages: Bronze, Silver, and Gold. All of OANDA’s fxTrade clients will receive a 30 per cent discount on the subscription package they choose.
 
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,” says 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 industry.”

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