About OANDA

Corporate History

OANDA was spun out of an econometric research and development firm called Olsen and Associates by founders Richard Olsen and Michael Stumm in 1995. OANDA was the first to make comprehensive currency exchange information available over the Internet, and initially, OANDA's only product was the online currency converter. In 1996, OANDA incorporated in the state of Delaware. OANDA began to develop, market and support a comprehensive set of Internet-based currency tools for consumers, businesses, and investors. Since then, OANDA Rates® have become the touchstone for corporations, tax authorities, auditing firms and even central banks. Today more than 35,000 organizations worldwide including many Fortune 500 companies rely on us, making OANDA rates available internally and on their Web sites through our ASP services. And oanda.com continues to be ranked number one for currency exchange information.

Early 2001, OANDA launched its leading-edge FXTrade platform, allowing clients to participate directly in the forex market the largest, most dynamic market in the world. From day one, FXTrade set a new standard for service and efficiency. By opening the forex market to a new world of traders through innovative, more efficient features. By offering tangible advantages to all traders, speculators, professionals, hedge funds or corporations. By redefining the market and changing the way forex trading is done.

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