London-based OANDA Europe, part of forex trading and information services provider OANDA, said on Tuesday it has partnered with Seer Trading Systems to provide its customers with an Institutional-grade algorithmic back-testing and forward execution platform. The partnership will bring Seer Trading’s algorithmic trading features to retail traders for the first time, since the company provides its products to institutional investors only.
As a result of the partnership, traders working with OANDA can build automated strategies that offer diversification across multiple instruments, gaining significant advantage over traders who watch single instrument strategies.
“The Seer Trading platform is one of the most quantitative trading platforms we have seen. Since OANDA provided access to our platform by offering trading API’s to our partners and clients, we have seen an increase in demand from our algorithmic traders who wish to run their strategies with OANDA across our fxTrade platform,” said Trevor Young, Vice President of Product Management at OANDA.
OANDA Europe is part of US-based group OANDA, a financial technology company that provides forex and contract for difference (CFDs) trading and currency information services globally. The group has offices in Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney. The group companies are regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan and Australia.
OANDA operates the fxTrade online trading platform, in addition to the industry-popular MetaTrader 4 (MT4).
The Seer Trading Platform is for building, back-testing, optimizing and deploying automated trading systems. The company also partners with US-based online forex brokers FXCM and Interactive Brokers.
Source: Business Wire