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OANDA News Center

Media Coverage and Press Releases

2013

– 14 entries

2012

– 27 entries

2011

– 40 entries

2010

– 13 entries

2009

– 8 entries

2008

– 5 entries

  • July 11, 2008 – PRWeb – "OANDA's New Service Slashes the Cost of International Funds Transfer" – "OANDA Corporation, widely recognized as an innovator of efficient online currency services, has introduced fxGlobalTransfer, a wire service that sets new standards for low cost, transparency, and effective cash management in cross-border funds transfer."

  • July, 2008 – Euromoney – "Best Global Foreign Exchange House" (PDF) – "Euromoney shortlists OANDA in its 2008 Award for Excellence for Best Global Foreign Exchange House. OANDA deserves special mention because it 'has democratized FX in a way the banks simply have not.'"

  • April 29, 2008 – Silicon Alley Insider – "SAI 25: The World's Most Valuable Digital Startups" – "Online business site Silicon Alley Insider (SAI) ranks OANDA among the world's top ten most valuable private digital startups. At number ten, OANDA joins the ranks of industry giants like Facebook, Wikipedia, and Mozilla Corp."

  • February 1, 2008 – Futures – "Richard Olsen and Michael Stumm: FX markets for the masses" – "OANDA's fxTrade trading platform is more than just a business, and has been from the day Richard Olsen and Michael Strumm launched it in 2001. 'For Michael, it was a chance to prove that all the technical innovations he teaches are real and doable, and that you can build a trading platform of institutional quality on a retail budget,' Olsen says. Stumm says: 'For Richard, it's about saving the world.'"

  • January 8, 2008 – Press Release – OANDA Breaks the Sound Barrier in Foreign Exchange: First to Narrow Spread to Less Than 1.0 Pip

2007

– 7 entries

2006

– 0 entries

2005

– 7 entries

  • November 27, 2005 – Chicago Tribune – Full Story – "'People aren't quite sure on where things are going to go,' said Michael Stumm, president of OANDA (www.oanda.com), which provides foreign-exchange services for travelers. 'The dollar has gotten quite a bit stronger and has flattened off a bit.'"

  • September 21, 2005 – Financial Spread Betting - A Trader's Guide – "Exclusive OANDA and fxBoxOption Interview" – "Michael Stumm: It has been very positive. BoxOption was released just recently. We were very surprised how many different clients bought BoxOptions. Clients just love the simplicity of the user interface."

  • September 24, 2005 – The Motley Fool – "...in search of Rule Breakers of the future" – "New York-based OANDA, which provides a technology platform for trading currency over the Web, has decided to tap the private equity market after nine years in operation. The company raised $17 million in its first round. OANDA told VentureWire that it has been profitable since 2001 and that it has grown by 'a factor of three' over the last four years. Sounds like a Breaker in the budding to me."

  • September 5, 2005 – Security Industry News – "OANDA, which pioneered Web-based reporting of foreign currency rates ten years ago and launched its fxTrade e-trading platform in 2001, last month officially launched the BoxOption. It's a bit exotic, described as a cross between a binary option and a corridor option, but on the computer screen it is elegantly simple."

  • August 1, 2005 – Press Release – OANDA's BoxOption Opens a New Era in Currency Options Trading

  • August 1, 2005 – Barron's – "OANDA's currency-conversion and localization services cover 164-plus currencies and are available in seven languages. Their mock-trading application is fxGame. It credits the player with $100,000 in 'play' U.S. dollars -- and it's free of charge."

  • July 26, 2005 – E-ForexBrokers.com – "While most brokers allow only the standard ($100,000) or mini ($10,000) lot size, OANDA gives traders the ability to trade any lot amount. Another attractive quality is that has its own user forum. In addition, OANDA has the capacity to have multi-denominated sub-accounts other than in USD with no minimum deposit."

2004

– 3 entries

  • October, 2004 – Euromoney – "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."

  • July, 2004 – Wall Street Journal – "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."

  • June 25, 2004 – Press Release – OANDA Introduces Pipettes

2003

– 1 entry

  • October 13, 2003 – FXWeek – "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."

2002

– 1 entry

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

2001

– 10 entries

  • April 12, 2001 – The Economist – "Currency trading for everyman" – "A new, miniature exchange brings foreign currency hedges to the masses."

  • April 4, 2001 – Euromoney – "OANDA Launches Online Currency Trading" – "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."

  • March 30, 2001 – Investing Online – Full Story – "fxTrade is a currency trading service from the famous currency information website, www.oanda.com, with an excellent FX trading game."

  • March 29, 2001 – Press Release – OANDA Launches Live FX Trading System

  • March 29, 2001 – Reuters – Full Story – "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."

  • March 28, 2001 – BridgeNews – Full Story – "OANDA launches FX Trading system for small investors. The portal is the first online trading system offering continuous interest rate differential payments."

  • March 26, 2001 – Press Release – E4X and OANDA Offer Risk-Free, Multi-Currency Payment Solution for International e-Commerce

  • March 26, 2001 – FXWeek – Full Story – "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."

  • March 8, 2001 – Globe and Mail – "Need some yen in a hurry? Try the Web." – "New services to let travelers order foreign, currencies on-line for overnight delivery."

  • February 2, 2001 – CTV's Webmania – "OANDA offers a number of currency exchange services that are especially useful for business travelers."

2000

– 16 entries

  • December 20, 2000 – New York Times – "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."

  • December, 2000 – ECompany Now – "Along with some of the most thorough and useful currency conversion tools available on the Web, oanda.com offers fxDelivery, a service that will send the currency of 100 different countries to any US address, overnight."

  • November/December, 2000 – National Geographic Traveler – "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."

  • November 13, 2000 – Press Release – OANDA Introduces fxPense For Business Travelers

  • August 27, 2000 – New York Times – "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."

  • August 19, 2000 – The Economist – "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."

  • August 7, 2000 – Press Release – OANDA and Thomas Cook Global & Financial Services Partner to Offer Foreign Exchange Fulfillment Over the Internet

  • July 12, 2000 – Press Release – CapitalStream Strikes Strategic Alliance with OANDA

  • June 27, 2000 – Press Release – Altura International/CatalogCity.com Sign OANDA to Provide Multi-Currency Component for Its Proprietary Merchant Operating System

  • July 26, 2000 – New York Times – "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."

  • June 18, 2000 – London Times – The Sunday Times Travel – "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."

  • June 15, 2000 – International Herald Tribune – "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."

  • June 8, 2000 – Press Release – OracleMobile and OANDA Launch First Wireless Currency Conversion Service

  • June 4, 2000 – 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..."

  • May 21, 2000 – Modesto Bee Sunday – "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)."

  • April 17, 2000 – Press Release – OANDA Introduces New Website for Currency Conversion, Localization

1999

– 3 entries

1998

– 8 entries

  • November 16, 1998 – Business Week – "A Virtual Concierge at Your Service" – "Services such as OANDA, which offers data on 164 currencies and is published by market-forecast technology developer Olsen & Associates Co.'s Internet unit, makes gazing into bank windows to get exchange rates a thing of the past."

  • September 9, 1998 – Web Finance – "...the Internet-focused offshoot of Olsen & Associates, a Swiss developer of forecasting technology for business and finance, doesn't process FX transactions. Instead, it provides sophisticated Web-based research and analysis. Examples include risk management tools, decision support systems and a daily updated conversion calculator that enables traders to view exchange rates among 164 different currencies. OANDA's difficult-to-duplicate, in-house knowledge base makes it a more attractive partner than a site focused on processing transactions - a capability that's easier to develop independently."

  • August 21-22, 1998 – The Wall Street Journal Europe – "Exchange" – "Unless you're a financial wizard, calculating how much things cost on holiday in terms of your home currency is a tricky business. Take a look at a handy little service for travelers provided on this Swiss web-site called the Cheat Sheet. The site also offers a number of subscription services aimed at those with a serious interest in exchange rates, including directional forecasts which cover point forecasts, indicating the expected value of a price at a specific time point in the future to a horizon of eight weeks, information on market volatility and currency ratings... Exchange rates between an impressive total of 164 currencies, updated on an hourly basis, are available through a basic currency converter service, and there's also a historical exchange service which provides exchange highs, lows and daily averages over a given period. It's also possible for browsers to incorporate customized models of these facilities into their home sites, also for free if they're willing to have a couple of advertising banners attached."

  • August 4, 1998 – Globe and Mail – "Every day, 80,000 people worldwide figure out currency conversions, such as switching their Icelandic Krona into Egyptian Pounds, by visiting [OANDA's Currency Converter]."

  • August 3, 1998 – Argus Extra – "...Olsen & Associates provide one of the best of the many free currency converters on the Web. The site provides exchange rates for 164 currencies, updated daily, with exchange between any two at the click of a mouse. It claims to be the only currency converter that can interclude percentage margins incurred when using credit cards abroad. Users can choose any margin from 1 percent to 10 percent. A useful feature when bookmarking the site is the ability to set personal preferences. Past exchange rates can be viewed back until 1 January 1990."

  • June 13, 1998 – Tagesanzeiger – "Eine Auswertung... ergab, dass die Wochenprognosen seit Anfang 1998 beim US-Dollar zu 72%, bei der D-Mark zu 56% und beim Pfund zu 50% eintrafen. Die Kursvoraussagen stammen vom renommierten Zürcher Institut Olsen & Associates. 'Die Prognosen entstehen bei uns durch die Umwandlung von psychologischen und ökonomischen in mathematische Daten' erklärt Gründer Richard B. Olsen und fügt hinzu: 'Unsere Systeme werden laufend verfeinert.'"

  • June 9, 1998 – Press Release – Global Network Architects and OANDA Forge Pact

  • February 20, 1998 – Wall Street Journal Europe – "...perhaps the site's largest advantage is that it provides rates for even the most obscure of currencies: Tongan Pa'anga, Haitian Gourde and of course, the ECU. When the Euro starts to be traded this site will also be an ideal way to get European rates... Once you have the Cheat Sheet for Travelers in your wallet the days of guessing just how much that 100,000 lira restaurant bill might be are over."

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