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Trades on Oanda’s fxTrade platform are now executed within 1 ms
Leading global forex broker Oanda says execution speed on its in-house trading platform fxTrade is now as little as one millisecond, down from around six before. What is more, according to City AM, the brokerage is trying to reposition its fxTrade to a data and payment platform. Of course, Oanda’s focus remains on forex trading, however, the broker expects to boost its revenue from data and payment services. “I don’t think of our platform as a trading platform, I think of it as a data platform. We record every trade and that’s valuable,” Ed Eger, Oanda’s head said, as cited by the media. According to ... (full story)