A global leader in online multi-asset trading, OANDA today announced the integration of Chasing Returns’ risk management technology into their award-winning trading platform. OANDA’s retail clients will now enjoy access to the Trading Performance Management portal, powered by Chasing Returns.
Drawing on behavioural science, the Trading Performance Management portal provides an in-depth view into individual trading habits, enabling OANDA’s clients to take immediate advantage of personal analytics to better understand their behavioural biases such as whether they are more successful on a certain day or with a certain product. With the Trading Performance dashboard, clients can:
“At OANDA, we are firmly committed to empowering our clients to become more successful by providing access to state-of-the-art tools that help deliver an edge in their trading strategy. As such, we’re delighted to be partnering with Chasing Returns to introduce the Trading Performance dashboard, which presents complex data in a powerful way, clearly showing traders where they can improve their approach to risk management,” said Vatsa Narasimha, President and Chief Executive Officer, OANDA Global Corporation.
“We wanted to develop a tool that was immediately useful,” said CEO of Chasing Returns Ann Hunt. “We all tend to have a biased view of our own performance. Our decision-making is less rational than we think, and that's where Trading Performance comes in. You can see the conditions where you trade most successfully – and where you underperform. Traders gain insights into their own behaviour and can then debias for maximum success.”
Narasimha concluded, “As an industry leader, OANDA supports innovation and continuous learning, and we believe the Trading performance platform will help our clients better understand their strengths and weaknesses so they can develop a more successful trading strategy in the future.”