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OANDA Exchange API from OANDA
API platform for algorithmic forex trading and statistical arbitrage strategies. Includes real-time and historical market data access, automated execution services, backtesting capabilities, and trade management tools.
Product analysis by function
Statistical Arbitrage Platforms for Market Making/Proprietary Trading
Quantitative systems identifying and exploiting price discrepancies between related securities through mathematical models and high-speed execution.
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Core Trading Algorithms
(5 Yes /5 Known /10 Possible features)
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Multi-Asset Support Ability to operate on equities, options, futures, FX, and other asset classes. |
OANDA API supports FX (currencies) and metals, but not equities, options, or futures. It has limited multi-asset support beyond FX. 'Multi-Asset' for major currencies/metals is supported. | |
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Mean Reversion Models Incorporation of mean reversion strategies in model library. |
No information available | |
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Pairs and Basket Trading Support Allows formation and trading of pairs or baskets to exploit relative price movements. |
No information available | |
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Cointegration Testing Built-in functions for statistical testing of cointegrated securities. |
No information available | |
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Automated Signal Generation Automatic generation of buy/sell signals based on pre-set mathematical criteria. |
OANDA's API delivers price alerts and supports programmatic signal-based trading, allowing automated order generation based on mathematical or strategy criteria. | |
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Custom Model Implementation Ability to create and integrate custom mathematical/statistical models. |
OANDA API allows creation of custom trading models and integration of user code for strategy development. | |
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Alpha Factor Library Library of pre-built alphas for immediate deployment and testing. |
No information available | |
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Backtesting Framework Integrated environment to test models on historical data. |
OANDA API documentation and 3rd-party tools highlight native support for strategy backtesting on historical data. | |
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Parameter Optimization Tools Automated tools for hyperparameter and meta-parameter optimization. |
No information available | |
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Real-Time Portfolio Analytics Instant calculation of P&L, exposures, and risk metrics. |
OANDA API provides real-time access to open positions, realized/unrealized P&L, and some exposure data. |
Execution Infrastructure
(1 Yes /1 Known /10 Possible features)
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Low Latency Order Routing Milliseconds or microseconds order delivery to the exchange or liquidity provider. |
No information available | |
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Smart Order Routing Intelligent splitting and routing of orders for optimal fills across venues. |
No information available | |
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Direct Market Access (DMA) Direct connectivity to exchanges for faster order processing. |
No information available | |
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Colocation Support Physical operation near exchange data centers for minimal transmission times. |
No information available | |
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Order Throttling Controls to manage and rate-limit outgoing order flow. |
No information available | |
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Order Types Supported Diversity in supported order types: limit, market, IOC, FOK, pegged, etc. |
No information available | |
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Transactional Resiliency Ability to recover from failed orders or system outages without loss. |
No information available | |
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Trade Capacity Maximum number of trades per second platform can sustain. |
No information available | |
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Atomic Order Management Ensures atomicity and consistency in order books and trade records. |
No information available | |
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FIX API Support Support for Financial Information eXchange (FIX) protocol for streamlined communication. |
OANDA API documentation confirms support for FIX API for institutional clients. |
Data Integration & Management
(4 Yes /4 Known /10 Possible features)
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Real-Time Market Data Feed Access to live ticker, order book, and trade data from exchanges. |
OANDA API provides real-time streaming market data (ticker, order book, trades). | |
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Historical Tick Data Repository and retrieval tools for historical high-frequency data. |
Historical minute and tick data are provided via OANDA API and data services. | |
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Alternative Data Integration Support for third-party or alternative data sets (news, sentiment, etc.). |
OANDA platform enables integration of alternative data feeds (e.g., economic indicators, news), as per API docs. | |
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Low Latency Data Processing Processing delay for ingesting live data streams. |
No information available | |
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Order Book Depth Storage Depth of market (DOM) levels that can be stored and analyzed. |
No information available | |
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Reference Data Synchronization Automatic updates and reconciliations of reference/metadata. |
No information available | |
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Corporate Actions Handling Automatic processing and adjustment for splits, dividends, etc. |
No information available | |
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Data Quality Controls Built-in mechanisms for cleansing and validating incoming data. |
API covers data validation and has controls to ensure data quality and integrity. | |
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Data Latency Average time to access/use new market data. |
No information available | |
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Time Synchronization Precision of time alignment across all system components. |
No information available |
Risk Management
(4 Yes /4 Known /10 Possible features)
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Pre-Trade Risk Checks Verification of margins, limits, and compliance before trade execution. |
OANDA applies pre-trade risk checks such as margin verification and account limits, as indicated in broker documentation. | |
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Post-Trade Risk Analytics Computation and reporting of risk metrics after each transaction. |
API and account platform calculate and display real-time post-trade risk and positions. | |
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Position Limits Customizable maximum position exposure per security/portfolio. |
No information available | |
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Real-Time VaR Calculation On-the-fly Value at Risk calculation based on current holdings. |
No information available | |
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Stress Testing Simulated extreme scenarios to test platform resilience. |
No information available | |
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Order Size Controls Restrictions to maximum/minimum size of individual orders. |
API users can set order size restrictions per request/account. | |
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Automated Kill Switches Automated halting of trading based on predefined risk metrics triggers. |
No information available | |
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Real-Time Exposure Monitoring Dynamic calculation of net/gross exposures by asset/market. |
No information available | |
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Credit Controls Limits on exposure to counterparties and trading venues. |
Credit controls in OANDA platform are specified at account level for client risk exposure. | |
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Intraday Margin Monitoring Continuous tracking of collateral requirements and intraday margin calls. |
No information available |
Strategy Development Environment
(4 Yes /4 Known /10 Possible features)
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Integrated Development Environment (IDE) Built-in code editors, debugging tools, and version control for strategy development. |
No information available | |
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Scripting Language Support Support for Python, C++, R, or proprietary scripting for model creation. |
API libraries are available in Python, Java, C++, REST; users may code models in these languages. | |
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Simulated Trading Environment Ability to run strategies in a risk-free sandbox environment using live or historical data. |
OANDA provides practice/demo environment with live and historical data for simulated trading. | |
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Hot Swap Deployment Instant strategy deployment without bringing down the trading engine. |
No information available | |
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Version Control Integration Tracking and roll-back of strategy code for audit and collaboration. |
No information available | |
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Automated Regression Testing Automatic running of test cases for new model changes. |
No information available | |
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Parameter Sweeping Tools Automated exploration of parameter spaces to optimize strategy performance. |
No information available | |
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Logging and Diagnostics Detailed logs for debugging and analysis of strategy behavior. |
API has logging endpoints, event logs, and diagnostics in both REST/FIX channels. | |
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Code Auditing Automated/static checks on strategy code for known issues or infractions. |
No information available | |
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API for External Libraries Ability to integrate and call third-party mathematical/statistical libraries. |
Supports external mathematical packages and custom libraries through Python and REST API integration. |
Portfolio and Position Management
(4 Yes /4 Known /10 Possible features)
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Real-Time Position Tracking Up-to-the-millisecond updates on all open and closed positions. |
Position state available via REST in real time; updated on each trade or quote change. | |
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Portfolio Rebalancing Automatic adjustment of positions to maintain target allocations. |
No information available | |
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Multi-Account Support Manage portfolios and strategies across several brokerage or proprietary accounts. |
Multiple account support available via the API and platform. (e.g., subaccounts or corporate account structures) | |
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Intraday and End-of-Day Reports Customizable reporting on performance, P&L, and risk. |
API offers downloadable transaction and performance reports on multiple time scales. | |
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Cash Management Tools Forecasting and allocation of capital across portfolios and strategies. |
No information available | |
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Automated Reconciliation Automatic reconciling of internal books with clearing and prime brokers. |
No information available | |
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Manual Trade Adjustments Facility for operators to manually adjust erroneous trades or positions. |
No information available | |
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Cross-Currency Portfolio Valuation Real-time valuation of international/multicurrency portfolios. |
Portfolio valuations available in multiple currencies and currency conversion supported. | |
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Leverage Monitoring Track and WARN on portfolio leverage limits. |
No information available | |
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P&L Attribution Breakdown of profit/loss by strategy, security, or risk factor. |
No information available |
Connectivity and API Integration
(4 Yes /4 Known /10 Possible features)
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Broker API Support Direct interface for major broker API integration (IB, FIX, REST, Websocket, etc). |
OANDA API supports broker integration with REST, FIX, and Websocket connectivity documented. | |
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Exchange Integration Native connectivity or adapters for all major exchanges. |
API integrates natively with OANDA servers and third-party execution venues (via FIX for institutional clients). | |
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Webhooks for Event Handling Outgoing notifications for key events/triggers via webhooks. |
No information available | |
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Custom Plug-in Support Ability to extend platform via custom plug-ins or adapters. |
No information available | |
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OMS/EMS Integration Seamless integration with Order/Execution Management Systems. |
No information available | |
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Authentication & API Key Management Robust handling for secure external connection management. |
API keys required for all API access. Auth and secure credential management described in docs. | |
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API Rate Limits Monitoring Track and report on approach to broker/API rate limits. |
No information available | |
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Automated Failover Automatic rerouting to backup connections on failure. |
No information available | |
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Streaming and REST Data Feed APIs Both streaming and request/response data feeds supported. |
Streaming API and REST APIs both supported and documented on developer pages. | |
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Custom Order Routing Rules Ability to set up rules for choosing routing paths for orders based on flexible conditions. |
No information available |
Monitoring and Alerting
(4 Yes /4 Known /10 Possible features)
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Real-Time Strategy Performance Dashboard Live display of key strategy KPIs, statistics, and charts. |
Performance dashboard for trades/strategies available via fxTrade web and partner solutions. | |
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System Health Monitoring Automatic tracking and reporting of component/system health. |
No information available | |
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Custom Alert Thresholds User-defined triggers for alerts on performance, latency, or errors. |
No information available | |
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Trade Execution Monitoring Live tracking and reporting on trades, fills, and order status. |
Trade and order monitoring via web dashboard and API calls. | |
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Latency Monitoring Tracking and alerting on order/data processing latencies. |
No information available | |
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Connectivity Alerts Instant notification for connection losses or route failures. |
No information available | |
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Audit Trail Logging Complete record of system and user actions/events for review. |
Audit logging present for trade execution and user/API actions (see compliance documentation). | |
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External Alert Integrations Integration with SMS, email, Slack, or incident response tools. |
Notifications can be set up for e-mail and web-based messaging for platform status change and alerts. | |
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Operator Dashboard A dedicated real-time dashboard for NOC or ops team. |
No information available | |
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Automated Remediation Actions Pre-defined automated actions on alert trigger (e.g., halt trading, rebalance, notify ops). |
No information available |
Compliance and Audit
(3 Yes /3 Known /10 Possible features)
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Trade Surveillance Automatic monitoring for potential market abuse or manipulative practices. |
No information available | |
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Audit Logging Immutable logs of all trading activity, user access, model changes. |
Trade and activity logs maintained for compliance and audit; immutable after recording. | |
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Regulatory Reporting Interfaces Automated export/formatting for MiFID, Dodd-Frank, CAT, or equivalent. |
No information available | |
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User Access Controls Granular roles/permissions for platform features and data. |
Role-based access and permissions for API and trading platform. | |
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Model Change Approval Workflow Formal process for reviewing and approving model changes before deployment. |
No information available | |
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Data Retention Management Customizable policies and automation for record retention. |
No information available | |
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Real-Time Regulatory Rule Engines Real-time screening of trades and strategies against compliance checklists. |
No information available | |
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Secure Data Storage Encryption and secure backup of all sensitive trade and user data. |
OANDA uses encryption and secure backups for client data, as disclosed in legal and security compliance sections. | |
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Change Management Logs Full tracking of infrastructure and configuration changes. |
No information available | |
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Broker/Exchange Certification Tracking Maintain records of compliance, certification, and operational status for all counterparties. |
No information available |
Scalability and High-Availability
(3 Yes /3 Known /10 Possible features)
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Horizontal Scalability Ability to add servers/instances to increase throughput/load. |
OANDA cloud and API stack are horizontally scalable for throughput. | |
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Load Balancing Support Distributes execution and data processing across multiple resources. |
Load balancing described for OANDA's cloud services in system documentation. | |
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Clustered Failover Automatic failover to hot/warm backup system on fault. |
No information available | |
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Disaster Recovery Geographically dispersed backup and restore procedures. |
OANDA maintains DR procedures for its cloud-based systems and API infrastructure. | |
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Uptime SLA Guaranteed percentage operational uptime. |
No information available | |
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Peak Load Throughput Maximum platform capacity during periods of highest activity. |
No information available | |
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Auto-Scaling Automatic scaling of resources based on trading volume or demand spikes. |
No information available | |
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Stateless Microservices Architecture Services run independently, reducing points of failure. |
No information available | |
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Database Replication Data redundancy and read/write resilience via live replication. |
No information available | |
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Rolling Upgrade Capability System updates with no significant downtime or interruptions. |
No information available |
User Interface & Reporting
(5 Yes /5 Known /10 Possible features)
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Customizable Dashboards User-configurable displays of key metrics, performance, risk, and alerts. |
Customizable dashboards for data, trades, and risk metrics in web portal. | |
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Mobile Access Secure web or mobile app for on-the-go monitoring. |
Mobile apps for iOS/Android exist; secure API access via OAuth. | |
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Real-Time Data Visualization Dynamic visualization of trades, order books, and statistics. |
Real-time visualization of order book, trades, prices available via OANDA web tools and partner charting. | |
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Private/Public Reporting Links Shareable reports with configurable access for stakeholders. |
No information available | |
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Exportable Reports PDF, Excel, or CSV export of all key trade/risk/performance reports. |
Export supported for transaction data as CSV, Excel via web platform and API. | |
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User Preferences and Themes Personalization options for interface layout, color schemes, etc. |
No information available | |
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Advanced Charting Tools Integration of professional charting and technical analysis libraries. |
No information available | |
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Role-Based Views Different interfaces and permissions based on the user profile. |
No information available | |
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Language/Localization Support for multilingual and regional settings. |
API and platform available in multiple languages and regional formats per documentation. | |
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Accessibility Compliance Adherence to accessibility standards (WCAG, Section 508, etc.). |
No information available |
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