Revision 742669254 of "OANDA" on enwiki

{{notability|date=August 2016}}
{{Infobox company
| name             = OANDA
| logo             = [[File:Oanda-logo.svg]]
| caption          = 
| type             = [[Private company|Private]]
| traded_as        = 
| fate             = 
| predecessor      = 
| successor        = 
| foundation       = {{start date |1996}}<ref name="The (Mis)Behavior of Markets" /><ref>https://www.oanda.com/resources/about/</ref>
| founder          = 
| defunct          = <!-- {{End date|YYYY|MM|DD}} -->
| location_city    = [[Toronto]] 
| location_country = [[Canada]]
| location         = 
| locations        = 
| area_served      = 
| key_people       = [[Richard Olsen]], Co-Founder<br /> Dr [[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           = 
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| subsid           = 
| homepage         = [https://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 Merchant]] (FCM) 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).<ref>{{cite web |url=http://www.nfa.futures.org/BasicNet/Details.aspx?entityid=tDw0VT6Nt%2f8%3d |title=BASIC Details |website=NFA - National Futures Association |access-date=2016-10-04}}</ref>

==History==
OANDA was co-founded by Michael Stumm, a professor of Computer Engineering at the University of Toronto, and Richard Olsen of The Olsen Ltd., a leading econometric research, and development firm.<ref>http://www.oanda.com/corp/story/</ref> <ref>http://www.eecg.toronto.edu/~stumm/</ref>

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 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>

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 company’s main product is their [[electronic trading platform]] fxTrade, 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 foreign exchange 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> They also 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 name="The (Mis)Behavior of Markets">{{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>

==See also==
*[[List of foreign exchange companies]]
==References==
{{Reflist}}

== External links ==
* {{Official website|https://www.oanda.com/}}

[[Category:Financial services companies of the United States]]
[[Category:Foreign exchange companies]]
[[Category:Companies based in Toronto]]
[[Category:Financial derivative trading companies]]
[[Category:Canadian brands]]