Press Release Archives

January 8, 2008 OANDA Corporation, well known for pioneering Internet-based forex trading and a global leader in currency information services, announces today that it has broken the sound barrier in foreign exchange and lowered its standard spread on EUR/USD to an astonishing 0.9 pips.

September 17, 2007 OANDA Corporation, well known for pioneering Internet-based forex trading and a global leader in currency information services, announces today that a consortium of investors has invested $100 million in the company's Series B round of venture capital funding.

New York, July 23, 2007 - OANDA Corporation, trendsetter in Internet-based forex trading and global leader in currency information services, introduces FXManager, an interface for forex investment managers to support multi-client trade execution and reporting. FXManager continues the OANDA tradition of full automation, efficiency and ease of use.

New York, march 14, 2007 - OANDA, a pioneering foreign exchange trading and information company, today announced it has added five new currency pairs to its trading platform FXTrade.

New York, August 1, 2005 - OANDA's BoxOption Opens a New Era in Currency Options Trading

Euromoney Oct 2004. Transparency boosts a growing asset class

"Driving prices down has been a key factor for OANDA, a future commission merchant (FCM), which offers FX trading and information services over the Internet."

Wall Street Journal July 2004: A look at Market-Moving Numbers - Literally
"...[on OANDA FXTrade] you get what looks like a front-row seat at a forex dealer's trading screen. On your PC, you can chart the dollar/yen or euro/sterling market, project price movements, work out a trading strategy and then place a bet, with real money."

FXWeek Oct 13, 2003. OANDA adds API

Currency trading and information site OANDA has developed an application programming interface (API) for its FXTrade platform to allow clients to automate trading and hedging procedures. Previously, all trading has been conducted through the internet portal on a manual basis but clients had requested the option to execute trades automatically.

OANDA currently offers spot FX trading for 21 currency pairs but the firm is due to expand into currency options in the first quarter of 2004.

The Globe and Mail June 26, 2002. OANDA.com: A reliable and convenient foreign exchange calculator...
This site is definitely worth a bookmark.

The Economist, April 12, 2001. Currency trading for everyman A new, miniature exchange brings foreign-currency hedges to the masses.
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Euromoney.com, April 4, 2001. OANDA, the online currency research and forecast-tool provider, has added a foreign exchange trading platform to its range of offerings, FXTrade. The platform is open to any user and will accept trades from as little as $1.
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Investing Online, March 30, 2001 - FXTrade is a currency trading service from the famous currency information website, www.oanda.com, with an excellent FX trading game.
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Reuters, March 29, 2001. The small investor who thrives on the adrenaline rush of day trading stocks on the Internet has a new outlet for playing the market: online foreign currency trading.
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BridgeNews - London, March 28, 2001. OANDA launches small FX Trading system for small investors. The portal is the first online trading system offering continuous interest rate differential payments.
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FXWeek - March 26, 2001. OANDA live with retail FX trading. The Internet trading service offers live FX trading for major currency pairs with a $1 minimum trade with no commission or charges.
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Globe and Mail, March 8, 2001, Need some yen in a hurry? Try the Web.
New services to let travelers order foreign, currencies on-line for overnight delivery
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New York Times, December 20, 2000, Web Sites to Make the Trip Less Work
... [OANDA's] Currency Converter, lists current worldwide currency-exchange information and has a very user-friendly currency converter engine for international travelers.
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National Geographic Traveler: Nov/Dec 2000 Issue
OANDA Corporation, a spin-off of a Zurich-based econometrics firm, offers travelers a simple way to check exchange rates among 164 currencies. Users aren't limited to interbank rates of exchange that some sites display exclusively; they can also obtain the more useful cash or credit card rate of exchange. One great feature: wallet-size "cheat sheets" for exchange rates between any two currencies, which travelers can print out before a trip or download on Palm VII's and Web phones. Since 1991, an archive has stored exchange rates for nearly every currency listed on the site --perfect for the procrastinator who waits months before submitting the expense report paperwork.

New York, November 13, 2000 - OANDA introduces FXPense: an online expense report manager that allows international and domestic travelers to file multi-currency expense reports

New York Times, August 27, 2000, Practical Traveler
Cash may be making a comeback. Two major companies say they have a brisk business delivering bundles of foreign currency to people who are preparing to travel overseas. In a study last year American Express discovered that people on the road in the United States carry an average of $500. Fat rolls of cash -- how quaint.
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The Economist, August 19, 2000, Online Foreign Exchange
Richard Olsen, of Olsen & Associates, an economic-research firm based in Zurich, has bigger ambitions. Next month, OANDA.com, in which Olsen has a controlling stake, plans to launch FXchange, an electronic communications network. He says that, amazingly, it will offer retail investors trading spreads even thinner than in the professional market. Mr. Olsen sees the online FX market evolving as the equity markets have. Currency day-traders, he thinks, will become as common as equity day-traders are now.
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New York, August 7, 2000 - OANDA and Thomas Cook Global & Financial Services Partner to Offer Foreign Exchange Fulfillment Over the Internet

New York Times, July 26, 2000, Business Travel
There's a conversational icebreaker for those interminable hours that you may be spending in airport lounges as this summer of endless flight delays grinds on: Did you know that 10 Bolivian bolivianos got you 3.4 Bulgarian levs at the money-changing counters yesterday? How about that Cyprus pound, one for $1.62. Or that Indonesian rupiah -- 9,100 for $1 today.

This sort of detailed foreign exchange information, which I guarantee will instantly trump any unwelcome lounge colloquies on the mind-numbing subject of someone else's frequent-flier miles, used to be somewhat inconvenient to obtain with any precision and convenience. But smart international business travelers have recently been discovering a Web site that offers current foreign exchange data in exhaustive detail. It's www.oanda.com, extensively revamped last spring by the OANDA Corporation, an Internet company that was spun off four years ago by Olsen & Associates, the Swiss econometrics firm.
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Seattle, July 12, 2000 - CapitalStream Strikes Strategic Alliance with OANDA and brings online currency conversion rates to support CapitalStream subscribers’ multinational business

London Times, June 18, 2000, The Sunday Times Travel
(www.oanda.com)

How many Albanian leks will I get to a pound? And will there be anything worth buying when I get there? There are plenty of currency converters on the web but this site is worth visiting for its so-called "cheat sheets". Specify the two currencies involved, then print off a table of various permutations to slip into your wallet, saving you any amount of Carol Vorderman-type mental arithmetic in the craft shop.

International Herald Tribune, June 15, 2000, Lee Dambert
Charging Overseas? Beware of Fees on Currency Exchanges "Recognizing the additional fee requires that the consumer know what the exchange rate was on the day the charge came through and then do the math. Steps most people don't take. You can find the official rate for dates in the past at www.oanda.com"

New York, June 8, 2000 - ORACLEMOBILE and OANDA launch first wireless currency conversion service

Travel Section The Star Ledger, June 4, 2000, Don Groff, The Star Ledger, Newark, NJ
"...you can find the rate of exchange for pesos - or virtually any other currency - by going to the OANDA Web site..."

Internet travel, May 21, 2000, Craig Stoltz The Washington Post as printed in Modesto Bee Sunday
Shakeout time for sites and users "If you're planning a foreign trip, OANDA's Currency Converter is an easy, painless way to check rates and make cheat sheets. Plus you can check foreign currencies according to the interbank rate (the wholesale rate that banks pay), the credit card exchange rate (which adds the 2 percent they charge you for the transaction) and the cash rate (4 percent above wholesale)."

New York, April 17, 2000 - OANDA Introduces New Website for Currency Conversion and Localization.

Lake Bluff, IL - December 28, 1999 - Corporate Credit Manager Software Incorporates Popular Currency Conversion Service

ZURICH, Switzerland, March 23, 1999 /PRNewswire - OANDA launches in conjunction with NOKIA one of the first WAP (Wireless Application Protocol) services seen in the world and releases its latest currency converter for AOL

SEATTLE, JUNE 9, 1998 - GLOBAL NETWORK ARCHITECTS AND OANDA FORGE PACT -- Exclusive agreement will extend World's most popular currency conversion service to business travelers worldwide