OANDA Japan to migrate NY Server trade accounts to v20
The move will affect clients of the Japanese FX broker who have opened their accounts before October 12, 2018.
Online trading services provider OANDA Japan has informed its clients of a pending transfer of NY Server trade accounts to new trading system v20.
In a notice on its website, OANDA Japan says it is currently progressing with the switch to fxTrade’s (NY server) next generation trading system v20 in order to improve speed of execution and enhance performance. Accounts created after October 13, 2018, already trade on v20. However, accounts created before October 12, 2018, are set to be transferred in mid-January 2019.
Let’s recall that the migration to V20 has already happened for clients of OANDA Europe Limited, a subsidiary of online trading services provider OANDA Corp. In November 2017, as the industry was bracing itself for the new MiFID II regulations, OANDA said that all legacy trade accounts registered with OANDA Europe Limited would be migrated to V20 trade accounts.
OANDA launched the v20 trading engine, as it marked its 20th anniversary. The engine is built on a multi-cluster machine architecture which redefines the way data flows through the system and allows OANDA to increase speeds significantly. In addition to institutional-grade speeds, v20 offers professional features such as: access to more order types and options than ever before; support for simultaneous long and short positions; and the ability to execute larger trade sizes through simulated depth of market features.
Speaking of novelties around OANDA, let’s mention that, as FinanceFeeds has reported, OANDA Corporation is completely revising its Currency Converter and is set to launch a totally new version in January 2019.