OANDA Partners With FairXchange

August 11, 2020 - OANDA, a multi-asset trading services and currency data provider, has selected FairXchange to provide the firm with independent FX execution analytics. FairXchange will provide OANDA with access to its Horizon platform, which offers data and analytics tools that help companies manage and optimise their eFX business.

Horizon is designed to facilitate constructive, data-driven dialogue between counterparties, helping them to identify mutually profitable opportunities.

OANDA’s Head of Trading, Mark Chesterman said, “Over the course of our 24-year history, OANDA has worked hard to build a reputation for transparency and fairness, and we remain as committed to this ethos as ever. As such, we’ve partnered with FairXchange in order to facilitate open conversations with our liquidity partners using market-leading microstructural analysis, enabling mutually-beneficial decision-making grounded in data science. We believe a strong partnership with our liquidity partners will ultimately lead to better, more consistent, and tighter pricing to our clients.” FairXchange’s CEO, Guy Hopkins, said, "We are delighted to be partnering with OANDA, one of the true pioneers of the electronic trading industry. Our core philosophy is that everyone in financial markets – both liquidity consumers and providers – should be able to transact in a way that is commercially sustainable in the long term. Being truly independent, we are ideally placed to provide a fully transparent and impartial offering to OANDA.”

In September 2018, FairXchange announced that Sucden Financial had chosen the company to provide its tools and analytics for its eFX business..

In February this year, FairXchange announced the hire of the head of Morgan Stanley’s client-facing quant team (QSI), Jian Chen, to be its Head of Data Science.

The Horizon product allows an FX broker to analyse its liquidity coming from upstream, and how its distributed liquidity downstream is handled by clients, offering a holistic view of its business.