Frequently Asked Questions
OANDA, The Currency Company
Who is OANDA?
OANDA is a leading technology and financial services provider of currency conversion
and localization tools, decision support applications, database technologies
and transaction services. Established in late 1996, the Company was an early
pioneer in the development of currency-related technologies for use in the digital
economy. The Company's Web site, www.oanda.com, receives over 10 million page
views per month and has become the premier online destination for investors,
businesses and travelers seeking currency tools, applications, content and community.
To date, OANDA has established a 14,000+ global client base that includes such
well-known and diverse companies as AOL, Nokia, CNNfn, iVillage, Thomas Cook,
United Airlines, and Concierge.com. Most recently, the Company has launched
a proprietary and fully automated Internet-based trading platform that serves
as the basis for its private and white label FX trading solutions. FXTrade,
OANDA's trading endeavor offers investors and speculators margin-based FX trading
with real-time execution and spreads as low as 2-3 pips regardless of trade
size.
OANDA was founded upon the belief that technology, primarily the Internet, would
have a significant impact on the "globalization" of the worldwide
marketplace and, henceforth, a significant impact on the demand for currency-related
products and services. The Company, a Delaware corporation, was established
in 1996 and is headquartered in New York City with offices in Zurich and Toronto.
OANDA was co-founded by Dr. Michael Stumm, professor in the Department of Electrical
and Computer Engineering and Computer Science, and Dr. Richard Olsen of The
Olsen Group (formerly Olsen & Associates), a leading econometric research
and development firm whose world-renowned products have been in use at over
70 major institutions.
For further information regarding OANDA and OANDA products/services, visit www.oanda.com.
What type of experience does the OANDA management team have?
Providing OANDA with over 15 years of research in foreign exchange markets,
the Company's relationship with The Olsen Group helps to create a distinct competitive
advantage. OANDA's technology team is comprised of specialists in multi-processor
infrastructures, scaling infrastructures and transaction processing. OANDA's
management team provides the Company with substantial eCommerce expertise as
well as over 60 years experience in the selling and purchasing of financial
services.
For further information, please visit OANDA's
Management Team.
What is the Olsen Information System?
The Olsen Information System (OIS) is a desktop display application that shows
real-time forecasts, market turning points and trading models for foreign exchange,
interest rates and bond futures.
The OIS packages scientific principles and key Olsen Group discoveries into
a variety of services that allow traders to comprehensively search the market
for profit opportunities.
The OIS provides the following services
- Price Forecast
- Volatility Forecast
- Yield Curve Forecast
- Timing
- Correlation
- Market Monitor
- Trading Model
OANDA incorporates some of the OIS tools (OIS Light) into the FXTrade Platform
as a value-added service to assist users in making trading decisions.
