Corporate History

Founded in 1995 by economist Richard Olsen and Michael Stumm, OANDA was created as the Internet arm of Olsen & Associates (O&A), a leading econometric research and development firm based in Zurich, Switzerland. O&A’s products and data are world-renowned and are in use at over 70 major institutions engaged in the global financial markets. OANDA began to develop, market and support Internet-based currency tools for consumers and businesses. O&A recognized early that the explosive global growth in foreign currency trading and Internet usage would create enormous demand for a single global access point serving the currency conversion needs of consumers and businesses.

About OANDA

OANDA is a global leader in currency conversion, localization, decision support, transaction services, and forecasting. As a web-based Business-to-Business Applications Service Provider (ASP), OANDA services over 13,000 clients globally. Our offerings cover 164 currencies and are available in 7 languages. OANDA has one of the world’s largest historical, high frequency, filtered currency databases, and is an early pioneer in the development of proprietary conversion, localization and forecasting tools.

What We Offer

OANDA has three lines of business based on its currency database. They include:

Currency Conversion and Localization

For individuals

• A destination for travelers and investors to find virtually everything there is to know about 164 global currencies.
• For the traveler, visitors can find current currency rates, simple conversions, forecasts, historical currency rates, as well as helpful tips and links for every travel need.
• For the investor, visitors can find the most comprehensive database of currency information and research. Our timing services, forecasts, and predictive modeling give investors and traders the edge they need for analyzing the global currency markets.
• Also, the OANDA Currency Exchange™ game, is a currency trading simulation where potential currency investors can sharpen their trading abilities before jumping into the exciting, $2 Trillion a day (50 times the size of the US equities market) currency trading market.

For Businesses

• Put our currency converter on your website
• FX Protocol™ allows you to localize prices on your website so customers can look at your prices in their native currency, integrate into back-end accounting and procurement systems, verify historical exchange rates, and assist in expense reporting.
  

Decision Support Tools for Institutional Investors

• Applications for Decision Support are used in institutional dealing rooms, banks, and financial institutions to manage risk, time investment positions, and forecast markets. Additionally, the Decision Support tools are ideally suited for corporations and government agencies that are pursuing more efficient risk management strategies.

Currency Markets Transactions Services

• Tools for institutions to conduct transactions in the currency market via the Internet. The tools provide front-end capabilities and micro processing server engines that allow institutions to reach the online currency markets via "off the shelf" trading solutions.

Partners

OANDA has entered into strategic distribution, licensing and other relationships with "Best of Breed" companies such as AOL, Travelocity, Netscape, Time, Infoseek (Disney), American Express, Air Canada, British Airways, Sheraton, Cyberian Outpost, iVillage, Ernst & Young, Nokia, FedEx, Microsoft, DoubleClick, Conde Nast, Virgin Atlantic, United Airlines, Excite and 24/7 Media