Home About OANDA

About OANDA

Corporate History

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 is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821).

OANDA was co-founded by Dr. Michael Stumm, a professor of Computer Engineering at the University of Toronto, and Dr. Richard Olsen of The Olsen Ltd., a leading econometric research and development firm.

Business Overview

OANDA is a leading technology and financial services provider of currency conversion and localization tools, decision support and risk management applications, database technologies and transaction services. The Company was an early pioneer in the development of proprietary conversion, localization and forecasting technologies for use in the digital economy. Through its affiliation with The Olsen Group (see below), OANDA has access to one of the world's largest historical, high frequency, filtered currency databases. Most recently the Company has developed FXTrade, a proprietary and fully automated Internet-based trading platform that serves as the basis for OANDA's private and white label FX trading solutions.

The Web site - www.oanda.com

OANDA is the premier online destination for foreign currency tools and applications as well as foreign exchange related content and community targeted at investors, businesses and travel clients. The Company's currency conversion and localization services cover 164+ currencies and are available in 7 languages. To date, OANDA has established a 14,000 + global client base that includes well-known and diverse companies such as AOL, Nokia, iVillage, CNNfn, Thomas Cook, United Airways, and Concierge.com.

• Investors: OANDA provides predictive technologies, decision support and risk management applications, database technologies, and a proprietary trading system.
• Businesses: OANDA provides, on a subscription basis, a variety of currency localization services including data feeds that allow merchant to display prices in a variety of currencies. In addition, OANDA markets OPAS, a risk management application developed by The Olsen Group, to corporate treasurers.
• Travelers: OANDA provides travelers with current currency rates, simple conversions, forecasts, and historical currency rates, as well as helpful tips and links for every travel need.

For further information, please visit the appropriate channel within the www.oanda.com Web site.

About FXTrade

OANDA's proprietary FXTrade Platform comes from 15+ years of foreign exchange research and analysis. The platform was developed with the goal of making currency trading significantly more convenient than it is through other means. FXTrade is truly revolutionary in what it has to offer.

• Fully automated platform - from market-making to trade execution: OANDA is currently the only true, 100% electronic marketplace for trading currencies via the Internet.
• User-friendly, easy to navigate trading interface: Our goal is to make currency trading convenient and simple for everyone from the novice FX investor/speculator to the experienced trader.
• Price transparency: Our innovative, market-making technology offers instant execution from live two-way prices.
• Tight spreads: As low as 2-3 pips on all major currencies offered, regardless of size. On average, this is 2-3 pips lower than other Internet-based currency trading platforms.
• NO limits on trade size: FXTrade is unique in its ability to support trades in much smaller quantities than most other platforms. In fact, it allows you to trade as little as $1.00! Furthermore, FXTrade offers the same low spreads regardless of trade size. This differs from the $1,000,000 minimal transaction sizes required by many institutions and the $100,000 minimal trading sizes required by most other Internet-based currency trading platforms.
• Instant confirmation / settlement with real-time account management: When a currency pair is bought or sold, confirmation and settlement are instant with P/L, margin and account activity being updated in real-time using OANDA's innovative Java-based trading platform.
• Leverage: OANDA's FXTrade Platform allows you to set your account leverage to 10:1 or 50:1. This enables you to take better advantage of small price movements.
• 24/7 availability: OANDA's FXTrade Platform is available for trading 24 hours a day, 7 days a week. This is in contrast to the FX market, in which there is no trading over the weekend.
• Internet- based, no software to download: The FXTrade User Interface will run on virtually all Internet-connected browsers. It is thus available anywhere, anytime. Unlike many other online offerings, setting up our trading platform does not require you to download software.
• Analysis tools: The OANDA FXTrade Platform also makes available a number of proprietary and third -party analysis tools to aid you with your trading decisions.

For further information about the benefits of trading via OANDA's FXTrade Platform, visit: Why Trade with OANDA?