eFXnews' Forex Research Application eFXplus Now Available to OANDA Clients

OANDA, a provider of innovative online trading services, and eFXnews, a leading platform for Foreign Exchange sell-side research, announce their partnership in providing eFX's subscription service: eFXplus. eFXplus can now be licensed on OANDA's marketplace.

eFXplus, a Foreign Exchange sell-side research application which records, mimics, updates and tracks the performance of major banks' trade ideas worldwide, can now be licensed on OANDA's marketplace. To ensure that all recorded trades are actionable, eFXplus uses a proprietary algorithm in conjunction with the OANDA REST API.

eFXplus also provides the latest FX forecasts from over 25 major banks in more than 80 currency pairs with their averages. Forecasts are constantly updated making it a useful tool for hedgers.

The eFXplus notifications are delivered in real time to the web-based platform, as well as via email alerts.

Commenting on the partnership, Mark Melhorn, PhD, managing director at eFXnews said: "We are excited to reach OANDA's clients and believe that our application will lead to further insights into the FX market and assists in democratizing the flow of bank research."