OANDA a global leader in online multi-asset trading services, has announced that its clients recorded record-high trading volumes on Friday following the UK’s decision to exit the European Union.
OANDA says despite intense market volatility and the depreciation of Sterling against all major currencies on Friday and Monday, all trades were executed seamlessly, with no trades rejected by OANDA and no trades requoted to customers.
OANDA’s commitment to providing its customers with the most advanced trading technology and an execution platform which reduces latency and slippage, is why OANDA clients were able to execute so efficiently.
Courtney Gibson, Head of Trading at OANDA, comments: “We’re committed to improving our technology to better serve our clients. The UK’s vote to leave the European Union caused extreme market volatility, but our advanced execution technology allowed our clients to enter and exit the market extremely efficiently throughout.”
“The fact that we were able to execute 100% of trades with no rejects or re-quotes, and were back to average spreads across key CFD and FX pairs well before US market open, is a testament to the speed and stability of our trading platform. Traders can be as prepared as possible for a market event such as Brexit, but if they don’t have the right trading partner, traders won’t be able to trade at the speed they demand. That’s why OANDA will continue to invest in improving its trading technology.”