OANDA Europe Limited, a provider of online Forex, precious metals and CFD trading services, has teamed up with Seer Trading Systems, in a collaboration that will provide OANDA clients with an institutional-grade algorithmic back-testing and forward execution platform.
Seer Trading offers algorithmic trading features that are not available across retail focused platforms at present. These features include the ability to back-test multi-instrument strategies, back-test across multi-strategy algorithms, access to R Project for statistical computing and graphics and the ability to deploy strategies on a Linux Virtual Private Server with enabled control of strategies. Coupled with OANDA’s transparent pricing and deep liquidity, this is set to be an attractive proposal to traders.
Clients of OANDA will thus be able to build automated strategies that offer diversification across multiple instruments and are tested on a market to market basis. This helps avoid the surprises that present themselves to traders who are only watching single instrument strategies including only evaluating strategies based on equity curves.
Ilan Azbel, Director, SeerTrading commented,
“Although a tool such as SeerTrading focuses on sophisticated algorithmic traders, this niche has become an important base of every broker’s clients. We are delighted that OANDA identified the importance of providing an Institutional-grade back-testing and forward execution tool for their clients.”
Trevor Young, Vice President, Product Management, OANDA commented,
“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. Providing a powerful tool to allow them to develop, back-test and execute those strategies is a critical component for our traders and partnering with Seer provides them with these abilities. This partnership underpins OANDA’s commitment to the well- being of our clients”.
The partnership with Seer Trading comes just several months after OANDA Europe beefed up the offering to its clients by adding financial spread betting.