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Oanda Corporation
{{Advert|date=May 2011}}
{{Infobox company
| name             = OANDA Corporation
| logo             = [[File:Oanda-logo.svg]]
| caption          = 
| type             = [[Private company|Private]]
| traded_as        = 
| fate             = 
(contracted; show full)#x27;''Oanda''' is a Canadian-based [[foreign exchange market|foreign exchange]] company providing [[currency conversion]], online [[retail foreign exchange trading]] (forex), online foreign currency transfers, and forex information. In the US it is a non-bank [[Futures Commission Merchants]] (FCMs) specialized in spot forex trading and a registered FCM with the [[Commodity Futures Trading Commission]] (CFTC) and a member of the [[National Futures Association]] (NFA).

==History==

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.<ref>http://www.oanda.com/corp/story/</ref> ⏎
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Oanda is an outgrowth of the [[Switzerland|Swiss]] ''Olsen Group'' and was created to serve as an internet [[trading platform]] to automate techniques based on the group's research in foreign exchange trading.<ref>"[http://findarticles.com/p/articles/mi_qa3715/is_200306/ai_n9286236 Research-coming from a trading floor near you]", Michael Halls, ''[[Global Finance (magazine)|Global Finance]]'', published June 2003, accessed December 30, 2006.</ref> Much of OANDA's technology is based on algorithms published in the book ''High Frequency Finance'',<ref>{{cite book |title=An Introduction to High-Frequency Finance |first1=Michel M. |last1=Dacorogna |first2=Ramazan |last2=Gençay |first3=Ulrich A. |last3=Muller |first4=Olivier |last4=Pictet |first5=Richard |last5=Olsen |publisher=Academic Press |isbn=0-12-279671-3 |year=2001}}</ref> which was co-authored by Dr. Richard Olsen, a principal of OANDA and co-inventor of these algorithms.

In 1996, OANDA Corporation, the US subsidiary, was incorporated in 1996 in the state of Delaware, and initially provided online access to live currency information that was previously inaccessible to the public at large. At its inception, oanda.com offered free currency conversion tools, tables of historical data, news, and analysis through a multilingual interface.<ref>{{Cite news |title=Need some yen in a hurry? Try the Web; New services to let travellers order foreign; currencies on-line for overnight delivery |first=Salem |last=Alaton |journal=The Globe and Mail |date=Ma(contracted; show full)
== External links ==
* [http://www.oanda.com/ Official website]

[[Category:Financial services companies of the United States]]
[[Category:Foreign exchange companies]]
[[Category:Companies based in New York City]]
[[Category:Financial derivative trading companies]]