Chicago Tribune, November 27, 2005. "People aren't quite sure on where things are going to go," said Michael Stumm, president of Oanda (www.oanda.com), which provides foreign-exchange services for travelers. "The dollar has gotten quite a bit stronger and has flattened off a bit." Full Story
www.financial-spread-betting.com, September 21, 2005, Exclusive Oanda and FXBoxOption Interview by Andy Richardson, Financial-Spread-Betting.com
Michael Stumm: It has been very positive. BoxOption was released just recently. We were very surprised how many different clients bought BoxOptions. Clients just love the simplicity of the user interface. Full Story
.. in search of Rule Breakers of the future., September 24, 2005, by Tim Beyers, The Motley Fool.
New York-based OANDA, which provides a technology platform for trading currency over the Web, has decided to tap
the private equity market after nine years in operation. The company raised $17 million in its first round. OANDA told
VentureWire that it has been profitable since 2001 and that it has grown by "a factor of three" over the last four years.
Sounds like a Breaker in the budding to me.
Security Industry News, September 5, 2005. OANDA, which pioneered
Web-based reporting of foreign currency rates ten years ago and launched its
FXTrade e-trading platform in 2001, last month officially launched the BoxOption.
It's a bit exotic, described as a cross between a binary option and a corridor
option, but on the computer screen it is elegantly simple.
Barron's, August 1, 2005. OANDA's currency-conversion and localization services cover
164-plus currencies and are available in seven languages. Their mock-trading application is FXGame...
and it credits the player with $100,000 in "play" U.S. dollars -- and it's free of charge.
E-ForexBrokers.com, July 26, 2005. While most brokers allow only
the standard ($100,000) or mini ($10,000) lot size, OANDA gives traders the
ability to trade any lot amount. Another attractive quality is that has its
own user forum. In addition, OANDA has the capacity to have multi-denominated
sub accounts other than in USD with no minimum deposit.
Euromoney Oct 2004. Transparency boosts a growing asset
class
"Driving prices down has been a key factor for OANDA, a future commission
merchant (FCM), which offers FX trading and information services over
the Internet."
Wall Street Journal July 2004: A look at Market-Moving
Numbers - Literally
"...[on OANDA FXTrade] you get what looks like a front-row seat at
a forex dealer's trading screen. On your PC, you can chart the dollar/yen
or euro/sterling market, project price movements, work out a trading
strategy and then place a bet, with real money."
FXWeek Oct 13, 2003. OANDA adds API
Currency trading and information site OANDA has developed an application
programming interface (API) for its FXTrade platform to allow clients
to automate trading and hedging procedures. Previously, all trading
has been conducted through the internet portal on a manual basis but
clients had requested the option to execute trades automatically.
OANDA currently offers spot FX
trading for 21 currency pairs but the
firm is due to expand into currency options in the first quarter of
2004.
The Globe and Mail June 26, 2002. OANDA.com: A reliable
and convenient foreign
exchange calculator...
This site is definitely worth a bookmark.
The Economist, April 12, 2001. Currency trading for everyman
A new, miniature exchange brings foreign-currency hedges to the masses.
Full Story
Euromoney.com, April 4, 2001. OANDA, the online currency
research and forecast-tool provider, has added a foreign
exchange trading platform to its range of offerings, FXTrade. The
platform is open to any user and will accept trades from as little as
$1.
Full Story
Investing Online, March 30, 2001 - FXTrade
is a currency trading service from the famous currency information
website, www.oanda.com, with an
excellent FX trading game.
Full
Story
Reuters, March 29, 2001. The small investor who thrives
on the adrenaline rush of day trading stocks on the Internet has a new
outlet for playing the market: online
foreign currency trading.
Full Story
BridgeNews - London, March 28, 2001. OANDA launches small
FX Trading system for small investors. The portal is the first online
trading system offering continuous interest rate differential payments.
Full Story
FXWeek - March 26, 2001. OANDA live with retail FX trading.
The Internet trading service offers live FX trading for major currency
pairs with a $1 minimum trade with no commission or charges.
Full Story
Globe and Mail, March 8, 2001, Need some yen in a hurry?
Try the Web.
New services to let travelers order foreign, currencies on-line for
overnight delivery
Full Story
CTV's Webmania, February 2, 2001, OANDA offers a number
of currency exchange services that are especially useful for business
travelers.
Full
Coverage
New York Times, December 20, 2000, Web Sites to Make
the Trip Less Work
... [OANDA's] Currency
Converter, lists current worldwide currency-exchange information
and has a very user-friendly currency converter engine for international
travelers.
Full
Story
ECompany Now, December 2000 Issue, Sites for Sore Travelers
Along with some of the most thorough and useful currency conversion
tools available on the Web, Oanda.com offers FXDelivery, a service that
will send the currency of 100 different countries to any US address,
overnight.
Full
Story
National
Geographic Traveler: Nov/Dec 2000 Issue
OANDA Corporation, a spin-off of a Zurich-based econometrics firm, offers
travelers a simple way to check exchange rates among 164 currencies.
Users aren't limited to interbank rates of exchange that some sites
display exclusively; they can also obtain the more useful cash or credit
card rate of exchange. One great feature: wallet-size
"cheat sheets" for exchange rates between any two currencies,
which travelers can print out before a trip or download on Palm
VII's and Web
phones. Since 1991, an archive has stored exchange rates for nearly
every currency listed on the site --perfect for the procrastinator who
waits months before submitting the expense
report paperwork.
New York Times, August 27,
2000, Practical Traveler
Cash may be making a comeback. Two major companies say they have a brisk
business delivering bundles of foreign currency to people who are preparing
to travel overseas. In a study last year American Express discovered
that people on the road in the United States carry an average of $500.
Fat rolls of cash -- how quaint.
Full Story
The Economist, August 19, 2000, Online
Foreign Exchange
Richard Olsen, of Olsen & Associates, an economic-research firm
based in Zurich, has bigger ambitions. Next month, OANDA.com, in which
Olsen has a controlling stake, plans to launch FXchange, an electronic
communications network. He says that, amazingly, it will offer retail
investors trading spreads even thinner than in the professional market.
Mr. Olsen sees the online FX market evolving as the equity markets have.
Currency day-traders, he thinks, will become as common as equity day-traders
are now.
Full Story
New York Times, July 26, 2000, Business
Travel
There's a conversational icebreaker for those interminable hours that
you may be spending in airport lounges as this summer of endless flight
delays grinds on: Did you know that 10 Bolivian bolivianos got you 3.4
Bulgarian levs at the money-changing counters yesterday? How about that
Cyprus pound, one for $1.62. Or that Indonesian rupiah -- 9,100 for
$1 today.
This sort of detailed foreign exchange information, which I guarantee
will instantly trump any unwelcome lounge colloquies on the mind-numbing
subject of someone else's frequent-flier miles, used to be somewhat
inconvenient to obtain with any precision and convenience. But smart
international business travelers have recently been discovering a Web
site that offers current foreign exchange data in exhaustive detail.
It's www.oanda.com, extensively revamped last spring by the OANDA Corporation,
an Internet company that was spun off four years ago by Olsen &
Associates, the Swiss econometrics firm.
Full Story
London Times, June 18, 2000, The Sunday Times Travel
(www.oanda.com)
How many Albanian leks will I get to a pound? And will there be
anything worth buying when I get there? There are plenty of currency
converters on the web but this site is worth visiting for its so-called
"cheat sheets". Specify the two currencies involved, then
print off a table of various permutations to slip into your wallet,
saving you any amount of Carol Vorderman-type mental arithmetic in the
craft shop.
International Herald Tribune, June 15, 2000, Lee Dambert
Charging Overseas? Beware of Fees on Currency Exchanges "Recognizing
the additional fee requires that the consumer know what the exchange
rate was on the day the charge came through and then do the math. Steps
most people don't take. You can find the official rate for dates in
the past at www.oanda.com"
Travel Section The Star Ledger, June 4, 2000, Don Groff,
The Star Ledger, Newark, NJ
"...you can find the rate of exchange for pesos - or virtually any other
currency - by going to the OANDA Web site..."
Internet travel, May 21, 2000, Craig Stoltz The Washington
Post as printed in Modesto Bee Sunday
Shakeout time for sites and users "If you're planning a foreign trip,
OANDA's Currency Converter is an easy, painless way to check rates and
make cheat sheets. Plus you can check foreign currencies according to
the interbank rate (the wholesale rate that banks pay), the credit card
exchange rate (which adds the 2 percent they charge you for the transaction)
and the cash rate (4 percent above wholesale)."
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