OANDA Corporate News
- OANDA received a
investment from a consortium that includes New Enterprise
Associates (NEA), Legg Mason, Cascade Investments LLC, and T. Rowe Price.
This is a vote of confidence in OANDA's business model that we will continue
to pursue. There will be NO changes in our commitment to tight spreads, the
best possible quality of execution and a consistent, high level of customer
support. The $100M will go directly to OANDA's balance sheet, since this
will accelerate corporate and institutional client acquisition.
- OANDA FXTrade executes over 1.5 million trades in a single day.
An exceptional day, no doubt. But no other market maker has ever executed
that many trades in one day. We conservatively believe that at this time
OANDA FXTrade engines execute over one fifth of the world's spot forex
trades. So far, we have executed over 280 million transactions!
OANDA FXTrade Platform Developments
- OANDA doubled its staff over the last 12 months to serve
you better, to enhance our existing services, and to develop new services,
products and tools.
- Lower spreads: we have lowered our spreads over the last
several months on just about every pair, and FXTrade continues to have the
competitive spreads. As of today, the standard spread on
EUR/USD is an astonishing 0.9 pips (although spreads are higher at
the time of news and other market volatility).
- Additional news sources: FXNews now provides the
industry's highest quality news in real time and free of charge
(registration required), from sources relied upon by professionals,
including Thompson Financial, 4CAST, and UBS News.
- New currency pairs: have been added, including the
USD/CNY, USD/TWD, USD/INR, USD/TRY and EUR/TRY. OANDA FXTrade was the first,
and is still the only platform to offer spot trading on the Chinese
Desktop: now you can launch FXTrade and FXGame without having to
download them from the Internet every time.
FX Tools and Information
Manager: a sophisticated tool that allows investment managers to
focus on trading forex for their clients, rather than on administration.
This interface lets them trade funds for multiple clients with one
easy-to-use PAMM interface, while clients can use their own login to see the
results in real time.
ATNABTU: a forex news aggregation tool. Although news
aggregation is not new, forex news aggregation has never looked like this!
- Dean's daily FX blog: market commentary in concise text
available every weekday morning on
Contest: allows you to define your own currency trading contests
and have participants track their performance.
Ticks: free, historical tick-by-tick data.
We are certainly excited by the above developments and hope you agree. Going
forward, we expect development to accelerate significantly. We appreciate your
continued business and will work exceedingly hard to deserve it.
Labs: contains many other new tools that either have been
introduced recently or that are currently being experimented with. There are
too many to list here, but some of the more interesting tools that allow you
to trade smarter are:
Effects: see how news moves the markets
Charts: focus on the more important price movements and
identify support/resistance levels easier
Activity: see recent volatility and price changes of all
instruments at a glance in one executive summary
If you have any questions regarding these or any other OANDA news, our
online forums are always here for you!
The OANDA team