OANDA Global Corporation announced the launch of OANDA Labs Trader, a trading program focused on profit sharing.
OANDA Labs Trader is available to residents of countries served by OANDA’s Global Markets division, a company authorized and regulated by the British Virgin Islands Financial Services Commission. The program is designed to give talented private investors and self-directed traders the unique opportunity to become token providers, on a profit-sharing basis, in OANDA’s proprietary trading business.
To unlock profit share as an OANDA Labs Trader, traders must first pass an assessment through a trading challenge, a demo environment that gives them the opportunity to test their strategies and skills with virtual funds.
Commenting on this launch, Kurt vom Scheidt, Chief Operating Officer of OANDA, said:
“Our vision is focused on providing smarter transactions for customers. Through this program, the most skilled traders are empowered with enhanced access to global financial markets across a range of asset classes. In addition to the share they can earn from profitably trading 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 business by incorporating valuable signals from Labs Traders as inputs into our trading models.”
The OANDA Labs Trader program allows traders who pass an assessment to gain access to an OANDA Labs Trader account and share the P&Ls they generate. OANDA’s proprietary trading models use the trading signals generated by OANDA Labs Traders in combination with other input variables to guide OANDA’s market positioning decisions.
OANDA’s proprietary capital is at risk, so OANDA requires potential OANDA Labs traders to complete an assessment to qualify for the program and demonstrate ability to generate profits and manage risk.
Although the capital provided in the OANDA Labs Trader account is virtual, traders are entitled to a share of the profits generated in their account. OANDA Labs traders have access to OANDA’s technology and market relationships to help them use their trading skills to create profitable signals.