OANDA Heads Into Prop Trading Market with Launch of Labs Trader Program

After expanding into the crypto field​ by acquiring the UK-based crypto exchange platform Coinpass Limited last year, OANDA, a global leader in online multi-asset online trading services, today announced the launch of OANDA Labs Trader, a trading program centered around profit sharing, heading into the proprietary trading market.

According to the brokerage firm, the Labs Trader is designed to provide opportunities for private investors and self-directed traders at a certain level, allowing them to become signal providers for OANDA's proprietary trading business while earning profit sharing. The program is available to residents of countries/regions serviced by OANDA's Global Markets division, a firm authorized and regulated by the Financial Services Commission of the British Virgin Islands.

Additionally, OANDA stated that traders who want to participate in the program must first pass an assessment through a trading Challenge, a demo environment that gives them the chance to test out their strategies and skills with virtual funds.

Kurt vom Scheidt, Chief Operating Officer of OANDA, commented: "Our vision is centred on enabling smarter trading for clients. Through this program, the most capable traders are empowered with streamlined access to global financial markets across a range of asset classes. In addition to the share they can earn on their profitable trading of virtual funds, traders will receive the necessary tools, such as educational materials and exclusive data-driven features and widgets, to set them up for successful trading. We look forward to growing our proprietary trading activity by incorporating valuable signals from Labs Traders as inputs into our trading models."

Currently, an increasing number of financial market participants are exploring proprietary trading opportunities. Last week, the global holding company, Hantec Group, announced the launch of Hantec Trader, its proprietary trading firm. In addition, Brokeree Solutions, a turnkey solutions developer for multi-asset brokers, introduced Prop Pulse​, a new product designed for prop trading operations, aiming to help brokers "enter the world of proprietary trading confidently".