The estimated cost to develop an algorithmic trading application akin to OANDA varies widely, contingent on numerous factors such as the app's complexity, the chosen technology stack, and the geographical location of the development team.
Typically, the development process concerns different stages like planning, app configuration, programming, analysis, and deployment, each incurring its own set of costs.
For a basic interpretation, costs might begin from $1,00,000 to $1,25,000, whereas a more progressive app with custom algorithms, strong security elements, and exhaustive analytical tools can easily exceed $1,50,000.
This cost includes not only the development phase but also the integration of real-time data spreads, back-testing environments, and compliance with financial ordinances.