Oanda
After introducing the platform in December 2019 on a demo basis, Oanda says its Japanese clients can now trade with the firm on a new MetaTrader5 platform. The firm says the platform, which enbales it to offer multi-asset class trading as opposed to CFD or single asset class trading on MT4, will be rolled out […]
Oanda has hired Emmanuel Coulon as its new chief technology officer. In this role, he will be responsible for driving the firm’s global technology strategy and providing technical leadership across all areas of the business. Coulon joins Oanda from ADSS, where he served as global head of technology. Before that, he was the CIO at […]
Oanda has appointed David Grant as COO for Asia Pacific. Based in Singapore, he will be responsible for overseeing the firm’s administrative and operational functions as well as enhancing the overall efficiency of the business. Grant joins from Gain Capital, where he had been the COO for APAC since 2015. Before that, he held the […]
Oanda has announced two appointments to its leadership team with Mark Chesterman has being named head of trading and Kurt vom Scheidt shifting to the role of chief operating officer. Chesterman will be responsible for leading Oanda’s trading team, quantitative analytics and research groups and will be based in London. A 14-year career with IG […]
Lucian Lauerman has been appointed head of solutions for business at Oanda. Based in London, he will be responsible for the strategic growth of the firm’s corporate offering, which delivers foreign exchange technologies and services to companies. Lauerman joins from Saxo Bank, most recently serving as global head of electronic distribution following a term as […]
Gavin Bambury has been named CEO of Oanda. Based in London, he will also serve as a director on the Oanda Global Corporation Board. With more than 25 years’ experience in the financial technology and trading sector, Bambury has worked in a variety of leadership roles including Citibank and Deutsche Bank and joins after less […]
Oanda will now offer forward rates to corporate clients around via its Exchange Rates API.
This new data set aims to provide corporate treasurers and finance directors with an accurate, trustworthy view of the forwards market, offering over 360 forward rate currency pairs – which Oanda claims is more than any other currency data feed on the market.
Data is delivered via Oanda’s API and can be integrated into any treasury management system, enterprise resource planning system or billing software solution.
“Having been a trusted source of FX data for more than 20 years, Oanda is uniquely positioned to create a market consensus despite the decentralised treasury market, enabling us to deliver reliable forward rates to our clients.
Private equity group CVC Capital Partners’ Asia Fund IV has had an offer accepted to acquire all of the outstanding equity of online retail trading technology and analytics provider Oanda Global Corporation.
Terms of the deal were not disclosed and it is subject to regulatory approval. Under the new ownership, Oanda will continue to be led by CEO, Vatsa Narasimha.
Siddharth Patel, senior managing director at CVC, says, “We look forward to working closely with Vatsa and his team as we help support Oanda, especially in Asia, in making strategic acquisitions and in investing to further broaden its product set.”
Oanda has announced the integration of Chasing Returns’ risk management technology into its trading platform, meaning its retail clients will now have access to the Trading Performance Management portal, powered by Chasing Returns.
Drawing on behavioural science, the Trading Performance Management portal provides what the firm terms an in-depth view into individual trading habits, enabling Oanda’s clients to take personal analytics to better understand their behavioural biases such as whether they are more successful on a certain day or with a certain product.
Oanda has released a new version of its Exchange Rates API, which has been updated to include what the firm calls “real-time” currency rates.
The rates available on the new API are updated every five seconds, providing, the firm says, a more accurate reflection of current market prices.
The firm says the new API aims to provide corporate treasurers and finance directors with a greater degree of visibility over the FX market, helping them mitigate risk, reduce currency exposure and improve cash flow.
