MEDIA RELEASE PR39025
OANDA Targets Asian Market With New Currency Pairs
SINGAPORE, Apr. 6 /PRNewswire-AsiaNet/ --
OANDA Asia Pacific Pte Ltd and parent OANDA Corporation, provider of
innovative online foreign exchange trading, have added nine new currency
cross pairs to the 48 pairs already offered on the web-based OANDA FXTrade
forex trading platform. The new pairs are AUD/SGD, CHF/CAD, GBP/AUD, GBP/NZD,
GBP/ZAR, TRY/JPY, XAG/JPY, CHF/ZAR and ZAR/JPY.
OANDA's rapidly expanding institutional client base in Japan and
elsewhere in Asia has expressed a strong demand for ultra-competitive
spreads. OANDA has been able to access the deep pool of liquidity offered by
the global retail foreign exchange market, and respond with lower spreads,
particularly for Japanese Yen (JPY) crosses.
The new pairs include additional Yen crosses: to silver (XAG), and to the
South African Rand (ZAR) and the Turkish Lira (TRY), two currencies known for
their high interest rates and of particular interest to carry traders. OANDA
is the only forex dealer to offer second-by-second interest, so these traders
can take advantage of interest rate differentials even during same-day
trades.
"We are pleased to offer an expanded currency selection in response to
demand from our clients," says K Duker, Managing Director at OANDA Asia
Pacific. "OANDA is quickly becoming a strong alternative for all forex
traders in Singapore, and for institutional traders elsewhere in the Asia
Pacific region. These new pairs reinforce OANDA's commitment to the region."
OANDA traders around the world have access to all of the major crosses
and 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 the "OANDA Rate"(R) has become the
touchstone for corporations, tax authorities, auditing firms and even 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 the first to 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 three
leading global banks or electronic communication networks (ECNs) that trade
forex.
OANDA is a registered Futures Commission Merchant (FCM) with the
Commodity Futures Trading Commission (CFTC) and is a member of the National
Futures Association (NFA). The Asia Pacific subsidiary OANDA Asia Pacific Pte
Ltd, is regulated by the Monetary Authority of Singapore and holds a Capital
Markets Services licence.
SOURCE: OANDA Corporation
CONTACT: Darrel Forrest of OANDA Asia Pacific Pte Ltd,
+65 3106 2144,
darrell@oanda.com
Translations:
NEWS 
