OANDA, a leading multi-asset trading and analytics service provider recently revealed a major upgrade to all its platforms. As per statement from the firm, it has added new cutting edge functionalities offered by one of its partners Chasing Returns to all its platforms. Chasing Returns is a Dublin based fintech firm which offers behavioural science analytics to boost an investors’ trading activity. OANDA and Chasing Returns have already been partners for a while now, but the latest move strengthens ties between both entities will also offering OANDA’s clients from across the globe with an expanded suite of capabilities which makes use of behavioural science research to help improve trading performance. While the latest partnership provides OANDA’s clients with access to behavioural research capabilities, the first partnership between the two firms which was made in 2018 saw OANDA’s clients gain access to Chasing Return’s Risk Management Technology.
Earlier, clients had access to in-depth view of individual trading habits in their trading performance management portal made available by leveraging on Chasing Return’s specialist behavioural science research mechanism. This data facilitated OANDA’s clients take immediate advantage of their personal data as the analysed information will allowed them to gain a better clarity and understanding of their trading activity by revealing invisible behavioural bias and how the bias affected the chance of success of their trades. With the latest upgrade, Clients gain access to whole new level of advanced features across all of OANDA’s platforms including API and third party platform such as
- Gameplan Pro – Provides enhanced trading insights by focusing on the psychological aspect of individual trader’s performance.
- Goal setting option to facilitate traders to assign pre-defined goals in a bid to help boost traders in achieving their trading goals.
- Play Maker – Allows traders to monitor risk in real time and set pre-defined take profit and stop loss levels.
- OANDA Performance Statement – A Feature which helps traders keep records of daily traders and download statements on-demand which also contains information from Chasing Returns performance data and market insights alongside their account history.
Speaking about the new upgrade to their partnership, Ann Hunt – CEO of Chasing Returns said “We’re delighted to have extended our relationship with OANDA, exploring new ways we can work together to help their clients succeed. Based on behavioural science, our tools have been specifically designed to provide deep insights into individual trading strategies, providing a clear line of sight over when each individual is most – and least – successful, enabling them to enjoy a more objective view that could help maximise success. We hope this will help create a competitive edge in the trading strategies of OANDA clients all over the world”.
Speaking about addition of new features and their partnership, Mohsin Siddiqui – Chief Client Officer at OANDA said, “A FinTech firm at heart, OANDA has long been dedicated to providing clients with access to state-of-the-art trading tools that utilise cutting-edge technology to help them be more successful. As such, extending our ongoing relationship with Chasing Returns was an obvious choice, introducing new features and advanced functionality to our OANDA Trading Management Portal that clearly add value to clients by showing how a better understanding of inherent individual trading biases can lead to improved discipline and portfolio profitability. We look forward to further building on the foundations of our partnership with Chasing Returns in the coming years to continue to make more insightful risk management tools available to our clients”.
