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Clients of technology developer Oracle will gain access to automated exchange rates data by forex brokerage Oanda, the broker said on Tuesday. This is the result of a partnership between Oanda Solutions for Business, the corporate-oriented business unit of Oanda, and forex integrations software developer FXLoader.
The service will be available to Oracle’s ERP clients who use JDEdwards, Oracle E-Business Suite, Oracle Cloud, and Peoplesoft products. They can retrieve automated exchange rates by connecting Oanda’s application program interface (API) directly with the Oracle ecosystem. This will remove the need for third-party systems or internal resources.
Peter Care, President and CEO, FXLoader, added: “Updating an ERP system is traditionally a complex and time-consuming process but our tie-up with Oanda provides a simple and cost-effective alternative. Users of these Oracle ERP systems will now have automatic access to the world’s largest dataset of currency data, with no disruption or development work.”
Oracle is a US-based computer technology corporation that offers cloud applications, platform services, and engineered systems. It has more than 420,000 customers and deployments in more than 145 countries. FXLoader is an Oracle Gold Partner and a supporter of the Oracle user groups OAUG and UKOUG.
Oanda is a broker of forex, contracts for difference (CFDs) and precious metals. Its unit Oanda Solutions for Business provides corporations with a broad range of forex products, from currency data to global forex settlements, payments, and hedging.
Oanda operates through offices in San Francisco, Toronto, New York, London, Singapore, Tokyo, and Sydney. The group is regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan, and Australia.