First Company to Offer Speculative Trading of Chinese Currency
NEW YORK, March 14 /CNW/ -- OANDA, a pioneering foreign exchange trading
and information company, today announced it has added five new currency pairs
to its trading platform FXTrade. Traders will now be able to buy and sell the
Chinese Yuan (USD/CNY), the New Taiwan Dollar (USD/TWD), the Indian Rupee
(USD/INR) and the Turkish Lira (UR/TRY, USD/TRY) on the spot foreign exchange
This offering extends OANDA's support for trading of exotic currencies
and provides the first venue for electronic trading of the Chinese Yuan.
FXTrade now provides electronic trading of 38 currency pairs, including all of
the major crosses and exotics such as the Thai Baht, Singapore Dollar and
Saudi Riyal, as well as gold and silver.
"Since our inception 10 years ago, we've remained committed to providing
the best trading experience for foreign exchange in the market," said Michael
Stumm, president of OANDA. "With the growing importance of countries like
China, India and Turkey on the global economy, it is especially exciting to
add trading of those currencies to our system."
OANDA Corporation is a pioneer in Internet-based currency trading and a
global leader in currency localization and information services. FXTrade,
OANDA's Java-based foreign exchange trading platform, offers retail and
institutional clients a cutting-edge platform that provides competitive,
real-time access to the foreign exchange market. When it launched in 2001,
FXTrade was one of the first fully automated currency trading systems. Now,
clients execute more than five million market orders per month over FXTrade,
have access to the narrowest spreads available in the market, and can utilize
innovative tools and data for traders through OANDA's FXLabs
(http://fxlabs.oanda.com). For more information about OANDA and its services,
please visit www.oanda.com.
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). FXTrade and OANDA are trademarks of OANDA
For further information:
For further information: Damon Leavell of Forrest PR, +1-973-590-5155,
email@example.com, for OANDA Corporation Web Site: http://www.oanda.com