# Provenance stamped 2026-10-07 (roadmap#943): written by an API Evangelist sweep (dated 2026-06-13 by the file itself), not
# harvested from the provider. `method: generated` so the economics campaign may replace it with a
# dated, verbatim transcription; every figure below is unverified until it does.
method: generated
generated: '2026-06-13'
specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: OANDA
providerId: oanda
created: '2026-06-13'
modified: '2026-06-13'
reconciled: true
tags:
  - FinOps
  - Cost Management
  - FOCUS
  - Forex
  - FX Data
  - Trading
description: >-
  FOCUS-aligned FinOps for OANDA APIs. Trading API costs arise through spreads and
  commissions on executed trades rather than API call fees. Exchange Rates Data API
  costs are subscription-based with annual or monthly billing.
sources:
  - https://www.oanda.com/foreign-exchange-data-services/en/exchange-rates-api/api-plans/
  - https://developer.oanda.com/rest-live-v20/introduction/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: OANDA Corporation
serviceCategory: Financial Services
billingModel:
  pricingCategory: Spread/Commission + Subscription
  billingFrequency: Trade Settlement + Monthly/Annual Subscription
  billingCurrency: USD
  chargeCategories:
    - Usage
    - Purchase
    - Subscription
    - Financing
focusColumns:
  ServiceName: OANDA
  ServiceCategory: Financial Services
  ProviderName: OANDA
  PublisherName: OANDA Corporation
  InvoiceIssuerName: OANDA Corporation
  BillingCurrency: USD
meters:
  - name: forex_trades
    unit: trade
    aggregation: count
    dimensions:
      - instrument
      - account_type
      - direction
    description: Number of executed forex or CFD trades (cost realised as bid/ask spread).
  - name: trade_volume
    unit: units
    aggregation: sum
    dimensions:
      - instrument
      - account_type
    description: Notional volume of executed trades in base currency units.
  - name: financing_charges
    unit: USD
    aggregation: sum
    dimensions:
      - instrument
      - direction
    description: Overnight financing/swap charges on positions held past daily cutoff.
  - name: exchange_rates_api_quotes
    unit: quote
    aggregation: sum
    dimensions:
      - plan
      - currency_pair
    description: API quote calls against the Exchange Rates Data API monthly allowance.
  - name: exchange_rates_subscription
    unit: month
    aggregation: sum
    dimensions:
      - plan
    description: Monthly or annual Exchange Rates Data API subscription fee.
principles:
  - name: Visibility
    description: >-
      Use the Transaction API (GET /v3/accounts/{accountID}/transactions) and account
      statements to track realised P&L, spreads paid, commissions, and financing charges
      at the trade level.
  - name: Allocation
    description: >-
      Tag trades and orders with client extensions (clientID, clientTag, clientComment)
      available in the v20 API to enable chargeback and cost allocation by team, strategy,
      or business unit.
  - name: Optimization
    description: >-
      Monitor spread costs by instrument and session to trade during highest-liquidity
      windows. For the Exchange Rates API, right-size the plan tier to actual monthly quote
      consumption to avoid overpaying for unused capacity.
  - name: Accountability
    description: >-
      Reconcile monthly OANDA account statements against internal ledgers. For Exchange
      Rates API subscriptions, track monthly quote usage against plan limits and upgrade
      or downgrade tiers at renewal to match actual demand.