Oanda has unveiled v20, its new proprietary trading engine that the firm is claiming offers an execution speed of 1.3 milliseconds, which it says is four times faster than its legacy trading engine.
“Oanda has always had technology and engineering at its core,” says Ed Eger, president and CEO of Oanda. “v20 dramatically improves every aspect of the Oanda experience, reaching a new level of innovation and execution to create the best trading experience we have ever offered our clients.
Neil McDonald has joined Oanda as global head of trading and quantitative analytics.
Based in New York, McDonald will be responsible for driving the strategic growth of Oanda’s electronic trading business, as well as leading the global trading, quantitative analytics and research groups.
Ed Eger, president and CEO of Oanda Corporation, says: “Neil’s 30 years’ experience in trading and the financial services sector is a tremendous addition to Oanda’s leadership. With Neil joining the team, I know we can continue to deliver the best execution and trading experience for clients across the globe.”