OANDA Listens to Growing Client Base, Expands Cross-pair Coverage

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Jul 16, 2011, 12:00 ET

NEW YORK, July 16, 2011 /PRNewswire/ --

Leading Forex Broker Rounds out Swiss Franc and Hong Kong Dollar Offerings

OANDA Corporation, provider of innovative online foreign exchange trading, has added eleven more currency cross pairs to its online forex trading platform. The new pairs are AUD/CHF, NZD/CHF, SGD/CHF, AUD/HKD, CAD/HKD, CHF/HKD, EUR/HKD, GBP/HKD, HKD/JPY, NZD/HKD, SGD/HKD. The forex broker now offers Swiss Franc (CHF) and Hong Kong Dollar (HKD) cross pairs for all the major currencies.

The Swiss Franc has become a safe haven currency for investors in recent years, and European clients who take advantage of the recent launch of OANDA Europe will appreciate the flexibility of accessing additional Swiss Franc pairs.

"We listened to the requests of our growing trader base in Europe and Asia," said Michael Stumm, CEO of OANDA Corporation. "These new pairs should consolidate our reputation for outstanding forex liquidity in these two markets, as we continue to add pairs based on client demand."

OANDA traders now have access to 76 currency pairs, including all of the major pairs and crosses to major Asian currencies such as the Hong Kong Dollar, Thai Baht, and Indian Rupee. OANDA remains the only major online forex broker to offer trading access to the Chinese Yuan (USD/CNY), which it introduced in 2007.

About OANDA

OANDA started in 1995 as the first online provider of comprehensive currency exchange information. Since then, OANDA Rate® data has become the benchmark for corporations, tax authorities, auditing firms, and central banks. In 2001 OANDA launched fxTrade, the first fully automated online forex trading platform. fxTrade was the first platform to offer immediate execution, support trades and accounts of any size, enable true 24/7 trading, and eliminate the rollover swap by calculating interest by the second. OANDA's innovative technology has enabled it to sustain a large trading volume. Peak performance has been measured at 1.5 million trades a day, far exceeding the volume typically handled through any of the leading global banks or electronic communication networks (ECNs) that trade forex.

OANDA Corporation is a registered Retail Foreign Exchange Dealer (RFED) with the U.S. Commodity Futures Trading Commission (CFTC) and is a Forex Dealer Member (FDM) of the U.S. National Futures Association (NFA). OANDA Corporation owns the following subsidiaries: OANDA Asia Pacific Pte Ltd, regulated by the Monetary Authority of Singapore; OANDA Middle East Corporation Ltd., with a license from the Dubai Financial Services Authority (DFSA); OANDA Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC); and OANDA Europe Limited, with a license from the Financial Services Authority (FSA) of the U.K.

http://www.oanda.com

Press contact:
Michelle Marin
Sparkpr for OANDA
[email protected]
+1-212-420-0880

SOURCE OANDA