In a new move for the industry, OANDA has just announced the launch of fxTradeNOW, aChrome browser extension that allows for trading directly on any web page. Unlike current Web Trader technologies, that work with a tab of a web browser, as a Chrome extension, the trading interface is embedded within the browser’s overall makeup. After the increase of usage of mobile and tablet based apps, interest in being able to trade wherever and however one wants has increased. Therefore, fxTradeNOW appears as a natural extension of this trend.
OANDA LAUNCHES fxTradeNOW, THE FIRST CHROME APPLICATION THAT ENABLES LIVE CURRENCY TRADING FROM ANY WEBPAGE
- Innovative solution from leading forex broker allows traders to react quickly to news that influences currency market movements
NEW YORK – OCTOBER 10, 2012 — OANDA, a provider of innovative foreign exchange trading services, has launched fxTradeNOW, the first Chrome browser extension that allows users to trade live forex rates from any webpage.
A “lite” version of OANDA’s award-winning forex trading platform, fxTradeNOW puts trading capability on the same page as the news. Once installed, the browser extension gives users direct access to their OANDA trading accounts so they can enter trades without the need to navigate away from the page to launch the full fxTrade platform.
OANDA fxTradeNOW functionality includes real-time quotes, charting in four different timeframes, and the ability to enter take profit, stop loss, or trailing stop orders. The extension’s smart scanning technology automatically searches website text for mentions of currencies and pre-loads current price information. If more than one currency is referenced in a news story or blog post, a dropdown menu allows users to select which pair to trade.
According to Courtney Gibson, Vice President of Trading at OANDA, fxTradeNOW is an ideal tool for forex traders considering the ever-changing nature of the marketplace.
“In today’s fast-moving market, trading opportunities can come and go in a matter of seconds,” Gibson said. “Our Chrome browser extension puts the trade on the same page as the news, allowing traders to act on their ideas faster and stay ahead of the competition. This is another example of OANDA’s dedication to innovation and providing the best trading experience in foreign exchange.”
The fxTradeNOW application is now available as a free download in the Chrome Web Store. OANDA plans future releases that will include the ability to modify and close trades, set trade defaults, and support for other browsers.