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 FXTrade
Application
Programming Inteface (API)
OANDA FXTrade API Client Library
For customers who wish to automate Forex Trading, OANDA has an FXTrade API Client Library available that can be integrated into customer programs to issue trade requests to OANDA FXTrade servers
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| Description |
| |
The Library makes available an ABI/API
that enables customers to programmatically obtain
the latest FXTrade rates in real time, switch between
sub-accounts, issue trade requests, set and modify
stop-loss/take-profit/limit orders, and obtain a
history of their transactions. That is, all the functionality
that is available on OANDA's FXTrade User Interface
becomes available to customer programs.
The Library is linked in to the customer program
and implements the OANDA FXTrade protocol, communicating
directly with OANDA's FXTrade servers over secure
and authenticated Internet sessions.
The Library does not require that the FXTrade
User Interface be running at the same time,
but the customer
may use the FXTrade User Interface to monitor
in real time the FXTrade actions taken by the
customer
program using FXTrade API.
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| Features |
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The library has
a number of features that make it particularly attractive:
- Simple to understand API that is intuitive
for FXTrade users
- Provides all information and
trading functionality the OANDA FXTrade Platform
has to offer
- Straight-forward to integrate
within customer applications
- Available for
the widely used programming languages C++ and
Java
- Uses authenticated sessions over fully
encrypted communication channels
- Stable
software with a small memory footprint
- Testing
environment available
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| Who
would benefit
from using the FXTrade API Client Library |
|
The usage of
the functionality provided by the FXTrade API Client
Library is almost unlimited. The following is a partial
list of those who would benefit from such a library:
- Forex brokers
who wish to benefit from OANDA's tight spreads
for backend hedging
- Treasuries with frequent
Forex dealings that
wish to integrate FX trading into their
treasury systems
- Money managers, hedge funds
and active traders with trading models that
have programming
resources
available
- Managers of index products
that require consistent hedging of currency
exposure
- Brokers who wish to hedge the Forex
exposure of their equity positions
- Corporations requiring frequent, real-time
Forex hedging capabilities
- Customers who wish
to develop their own, customized user interface
to OANDA's FXTrade
- Retail customers developing
their proprietary trading models
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| Advantages |
| |
The OANDA FXTrade
API Client Library, as part of OANDAs FXTrade platform,
offers the following advantages and benefits:
- 7/24
availability
- Tight spreads and no commissions
or charges
- Immediate execution with full
transparency
- Trade in units, not lots: supports
trades as small as $1 or trades with round
numbers, such
as $12,482
with the same tight spreads
- Full stop-loss,
take-profit, and limit order capabilities with
no charges
- Continuous, second-by-second
interest
- Earn interest on account balance
- Never lose
more than the account balance
- Multi-currency
accounts: currently USD and EUR, and soon:
CAD, CHF,
GBP, and JPY
- Real-time trade
blotter and P/L calculation
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| Versions
Available |
| |
The OANDA FXTrade
API Library is available in the following versions:
- C++ for Solaris
- C++ for Linux
- C++ for Windows
- Java
|
| Requirements |
| |
The customer
must have an OANDA FXTrade and FXGame account, and
is expected to have staff available with sufficient
programming expertise capable of designing and implementing
complex computer programs using either C++ or the
Java programming language. Moreover, the customer
must have available their own computing hardware
infrastructure on which their program will run. Finally,
the customer will be required to enter into the API
License.
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| Pricing |
| |
OANDA will charge
a license fee of $600 per month for the Library.
This fee is then discounted by $50 for each $1M in
trading volume generated on the FXTrade account per
month. Hence, with at least $12M of trading volume
per month, the use of the Library is free.
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| Limitations |
| |
The license is
specific to one FXTrade account and all its sub-accounts,
as well as one FXGame account. The latter is used
for testing purposes. |
public class TradeOrder includes the following fields (among
others):
currencyPair
units
type
expiry
rate
stopLoss
takeProfit
type
upperBound
lowerBound
and is used to issue new orders by initializing the fields
appropriately and invoking the following method:
FXTrade.marketOrder(TradeOrder)
Other FXTrade methods include:
marketClose(int ticketNum)
marketModify(OpenTrade trade)
getTrade(int ticketNum)
limitModify(OpenOrder order)
getTrade(int ticketNum)
getRateTable()
getOpenTrades()
getOpenOrders()
getActivityLog()
getAccountData()
Procedures to get started
- Review
and sign API's Legal Agreement
- OANDA
emails out FXGame API Client Library
- Customer
development and testing on FXGame
- OANDA emails out FXTrade API
Client Library for production software
- Before the
FXTrade API Client Library can be used in production,
a first trade going
through must be monitored by OANDA technical
staff to ensure proper behavior, and
hence this first trade
must be appropriately scheduled.
Please contact us for further
information. Download this document in PDF
format 
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