The financial software developer CQG and its enterprise API division Continuum announced they have entered into partnership with the third-largest forex broker in the US – Oanda, to expand their US-based forex trading.
The partnership means that the CGQ customers using its products CQG Integrated Client, CQG QTrader, CQG M, and CQG FX, as well as those who have written to third-party applications via CQG’s suite of API products, are able to connect to Oanda’s fxTrade proprietary trading platform.
“Our partnership with OANDA builds on our existing FX capabilities and allows us to extend coverage to a broader market,” said Mike Glista, CQG’s Director of Order Routing and Vice President of Continuum, quoted in the company press release.
“We are excited to add CQG to our growing list of partners who now offer execution through OANDA’s API,” Trevor Young, OANDA’s Vice President, Product Management, said. “Multi-asset traders using the CQG platform can now benefit from OANDA’s award-winning service for their forex trading.”
Oanda is the third largest US forex broker, according to thew most recent data, filed with the US Commodity Futures Trading Commission (CFTC). It offers trading in forex and over-the-counter (OTC) commodities and trading services. Its proprietary internet-based trading platform fxTrade, which also has mobile apps for Android and iOS devices, allows trading in more than 90 major and exotic currency pairs, automatic trade execution, positions management, risk control and provides charting and technical analysis tools.
The US Oanda Corporation has broker subsidiaries in Canada, Europe, Asia Pacific, Australia and Japan, who are regulated by the CFTC, the Canadian regulators, UK’s FCA, the Monetary Authority of Singapore, the Australian Securities and Investments Commission (ASIC) and the Japanese financial regulator, respectively.
CGQ is a US financial technology company, which provides solutions for market analysis, charting and electronic trading. Its products include trading platforms and charting, analysis and market data tools. Its CGQ FX platform is tailored specifically for the professional forex traders.