OANDA Launches Electronic Trading of New Exotic Currency Pairs

First Company to Offer Speculative Trading of Chinese Currency
NEW YORK, March 14 — 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 market.

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."