“Investors can trade any amount from a single unit to ten million units on OANDA’s platform, without having to round up or down to fit the pre-established lot sizes typically demanded by other dealers”.
OANDA Corporation continues to transform the business of foreign exchange through an innovative approach to forex trading. The company’s leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Rate® data are the benchmark rates for corporations, tax authorities, auditing firms, and central banks.
Ever striving for perfection, OANDA, has executed its one-billionth transaction as an online broker.
The company recently hosted its fxTrade Race to the Billionth Transaction contest to celebrate the milestone with cash prizes awarded for the first three trades made immediately after the transaction counter on OANDA’s trading platform hit 1,000,000,000.
The Contest was open to Retail customers of OANDA, OANDA (Canada) Corporation ULC, OANDA Asia Pacific Pte. Ltd. and OANDA Europe Limited who held a valid fxTrade account.
Alejandro Garcia of California, USA was awarded the Gold prize of $10,000 USD; Xinxi Wang of Singapore, Singapore was awarded the Silver prize of $1,000 USD; and Liguang Wang of Beijing, China was awarded the Bronze prize of $500 USD.
The Gold winner, Alejandro Garcia, began trading currencies in the late 1990s and has traded with OANDA since 2002. “I trade with OANDA because it’s the best forex broker in the world, with game-changing ideas they have put into practice,” he said. “I love the tight spreads, the variable units and the second-by-second interest payments. These three things put the forex market within reach of everyday people and level the playing field.”
Garcia added, “OANDA is so far ahead of the curve that I believe they have the opportunity to revolutionize not only forex, but all financial markets.”
According to Tony Savor, Chief Technology Officer at OANDA, the billionth transaction milestone highlights the flexibility of the company’s fxTrade trading platform and reflects the loyalty of OANDA’s customers.
“Investors can trade any amount from a single unit to ten million units on OANDA’s platform, without having to round up or down to fit the pre-established lot sizes typically demanded by other dealers,” Savor explained. “We let traders choose their own lot sizes to best reflect their own capital and trading strategies and appreciate how they continue to select OANDA as a result.”
Savor added, “The advanced algorithms in our trading system are designed to net a huge volume of small tickets simultaneously at super-high speeds. As the counterparty to all transactions in our market, our system allows us to provide best-in-class execution for our clients.”
In recent news, OANDA have announced the expansion of operations in Singapore, to accommodate the growth in Asian retail FX sector and to provide customer support to its increasing customer base. OANDA Asia Pacific has tripled its operations in Singapore in the last two years. The new office is located at the heart of Singapore’s new financial center at OUE Bayfront. The move also marks four successful years of operation in Singapore. OANDA is proud of their long-standing client relationships and exemplary growth in the region.