Canada-based forex brokerage group Oanda has included Protrader Multi-Connect (PTMC) trading platform to its offering for forex and contracts for difference (CFDs) instruments, Protrader said on Wednesday.
Oanda will provide trade execution and market data to the PTMC solution through Oanda’s REST application program interface (API).
“We are excited that Oanda’s highly sought after data feed is now available for PFSOFT clients” – said Alexey Bogdan, head of front-end development at PFSOFT, the developer of PTMC. “Connection to Oanda was in strong demand amongst current and prospective PTMC users – by developing this link they will now have access to Oanda’s fast and convenient REST API technology.”
The news comes as no surprise, since Protrader has already announced that Oanda is in its list of forex brokers set to adopt the PTMC platform. The list also includes Interactive Brokers, Dukascopy, FxPro Group, and Gain Capital, aka Forex.com. Brokers that already have PTMC in their offering are LMax Exchange, Forex Capital Markets (FXCM), Protrader, Quandl, and Sigma Trading.
Oanda offers trading in forex, CFDs, and precious metals via the MetaTrader4 (MT4) and its own propriety fxTrade trading platforms, in addition to the newly-added PTMC. It has offices in Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney.
The brokerage group is regulated by the US Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC), the Japanese Financial Services Agency (FSA), the Investment Industry Regulatory Organization of Canada (IIROC), and the Monetary Authority of Singapore (MAS).
PTMC is a product of trading software developer PFSOFT. The platform is free and can be used by both institutional and retail traders and is available for desktop and mobile devices, as well as in a web-based version. It features a wide selection of tools for multi-asset trading, alerts watchlists, smart chart trading with multiple chart types, drawings and studies, as well as fully customizable interface.
Users can chose from a list of supported brokers and trade in equities, futures, options, foreign exchange, CFDs and spread betting under their conditions without installing any additional software. Protrader can be integrated with various functional APIs, with an unlimited number of liquidity providers and data feeds.
Recently, the platform released AlgoStudio, a development tool and a programming environment for algo traders, and introduced a Code Base service, which provides a wide range of programming codes for download free of charge.
Poland-based PFSOFT is a provider of professional trading technology and solutions to brokers, banks, and exchanges. It serves clients from across the world, including in North America, Australia, Asia, Great Britain, Poland, and South Africa.