Revision 643000726 of "Oanda Corporation" on enwiki

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{{Infobox company
| name             = OANDA Corporation
| logo             = [[File:Oanda-logo.svg]]
| caption          = 
| type             = [[Private company|Private]]
| traded_as        = 
| fate             = 
| predecessor      = 
| successor        = 
| foundation       = {{start date |1995}}, incorporated in 1996<br />Forex division est. 2001
| founder          = 
| defunct          = <!-- {{End date|YYYY|MM|DD}} -->
| location_city    = [[Toronto]] 
| location_country = [[Canada]]
| location         = 
| locations        = 
| area_served      = 
| key_people       = Richard Olsen, Co-Founder<br /> Michael Stumm, Co-Founder<br /> Edmond Eger III, CEO
| industry         = [[Financial Services]]<br/>[[Foreign exchange trading|Currency Trading]]
| products         = 
| services         = 
| revenue          = 
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| net_income       = 
| aum              = <!-- Only used with financial services companies -->
| assets           = 
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| parent           = 
| divisions        = 
| subsid           = 
| homepage         = [http://www.oanda.com www.oanda.com]
| footnotes        = 
| intl             = 
}}

'''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 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.

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=March 8, 2001 |url=http://www.oanda.com/corp/news/media/globeandmail-08032001}}</ref>

In 2001, Oanda launched fxTrade, an online forex trading system.

In 2008 Oanda launched fxGlobalTransfer, an automated online foreign currency transfer service designed to send funds globally. The same year, Oanda launched fxPedia, an online wiki of forex information and commentary, and fxConsulting, a consulting service for corporate hedging.

In 2011, Oanda added the [[MetaTrader 4]] (MT4) platform for clients who use [[algorithmic trading]] strategies.<ref>[http://www.oanda.com/corp/news/pr/oanda021611 OANDA Builds Bridge to MetaTrader 4].</ref>

In December of 2012, Oanda discontinued fxGlobalTransfer for third parties.<ref>http://fxglobaltransfer.oanda.com/</ref> Later in the month, OANDA launched MT4 mobile applications for iPhone and Android smartphones and tablets.<ref>[http://www.oanda.com/corp/forex-lab-notes/2013/jan/15/oanda-and-mt4-superior-match-algorithmic-traders-2/ Trevor Young, OANDA and MT4: a superior match for algorithmic traders].</ref>

In September of 2013 Oanda acquired one of the popular social trading networks [[Currensee]].<ref>{{cite web|url=http://www.forexbrokernews.com/oanda/oanda-announces-acquisition-of-social-forex-trading-network/ |title=Oanda Announces Acquisition of Social Forex Trading Network |publisher=ForexBrokernews.com |date=2013-09-24 |accessdate=2013-09-28}}</ref>

On December 2, 2013, Oanda appointed Edmond Eger III as a new CEO in place of K Duker.<ref>{{cite web|url=http://www.forexbrokernews.com/oanda/oanda-corporation-appoints-new-president-and-chief-executive-officer/ |title=OANDA Corporation Appoints New President and Chief Executive Officer |publisher=ForexBrokerNews.com |date=2013-12-02 |accessdate=2013-12-04}}</ref>

== Operations ==
The companies main product is the [[electronic trading platform]] (fxTrade<ref>fxTrade is unusual among trading programs in that it is written in [[Java (programming language)|Java]], allowing it to run on many computers whose Web browser supports a Java language plug-in, with reduced dependency on the underlying operating system.  fxTrade is installed over the network each time it is started, so the user is always using the latest software version.</ref>), currency conversion tools, a foreign exchange wire service (fxGlobalTransfer), a corporate hedging consulting service (FXConsulting), discussion forums, tables of historical currency data, as well as forex news and analysis.<ref>OANDA web site, plus [http://findarticles.com/p/articles/mi_m0FWE/is_5_3/ai_55015342/pg_2 Quick access: find statistical data on the Internet], Di Su, "Information Outlook", published May 1999, accessed December 30, 2006.</ref>

The company provides a number of additional Foreign Exchange services besides fxTrade, their forex trading platform. They provide conversion tools and currency charts and indexes and information for travelers.<ref>Oanda Review in Daily Forex - [http://www.dailyforex.com/_4_review_Oanda.aspx Forex Trading by DailyForex]</ref>

Mathematician [[Benoît Mandelbrot]] mentioned OANDA's fxTrade platform as one example of how the foreign exchange market works when small investors and big investors are set on an equal footing, having removed the unfair commission structure.<ref>{{cite book |title=The (Mis)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward |author1=Benoît Mandelbrot |authorlink1=Benoit Mandelbrot |author2=Richard L. Hudson |page=257 |publisher=[[Basic Books]] |isbn=0-465-04355-0}}</ref>

==References==
{{Reflist}}

== 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]]