OANDA responds to forex trader demand for more CFDs
Four new instruments added to the award-winning OANDA fxTrade platform include UK and German 10-year government Treasury bonds, the Swiss Market Index, and the Russell 2000 Index
London – April 30, 2013
As European retail investors seek ways to diversify their portfolios, OANDA Europe is responding to customer demand to add more contracts for difference (CFDs) to its forex trading platform. The new assets give Europeans the opportunity to trade more indices and Treasury bonds on the same platform they rely on for currency trading.
Building on the dozen CFDs added to the award-winning fxTrade platform last December, OANDA clients can now trade the Swiss Market Index (Swiss 20), 20 of the largest Swiss mid-cap listed shares, the Russell 2000 Index (US Russ 2000) that measures the performance of the small-cap segment of the U.S. equity universe; and UK 10-year Gilts (10Y Gilt) and 10-year German Bunds (10Y Bund).
CFDs are over-the-counter, leveraged derivative instruments whose prices are based on underlying assets. With CFDs, traders can take broad positions in the world’s financial markets, equities, and commodities. Neither the trader nor the authorized, regulated dealer owns the financial asset; they only own the speculation contract.
According to Courtney Gibson, Vice-President of Trading at OANDA, the four new CFDs provide clients with more opportunities to invest in these versatile assets in a low-cost, commission-free way to do so with a reputable broker that is known for transparency and fairness.
“Investors who trade CFDs to speculate, hedge exposure in the underlying asset, and diversify their portfolios on the OANDA fxTrade platform know they can do so in cost-effective manner, while taking advantage of OANDA’s risk management tools, exceptional execution, and 24/5 global market access,” Gibson said. “With the addition of these new CFDs to the OANDA platform, we are continuing to respond to client demand to trade more global indices, commodities, and Treasuries in the same way that they trade forex.”
OANDA first introduced CFDs to its platform in March 2012 with several leading international stock indices such as the top NASDAQ 100 futures, the Nikkei 225 futures index for the Tokyo Stock Exchange, and the Germany 30 DAX index of German listed shares, U.S. Treasury Bonds, and commodities including Brent crude oil, natural gas, wheat, and corn.
OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s award-winning online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA’s powerful, flexible fxTrade platform is also accessible via mobile applications for iPad, iPhone, and Android devices.
In 2012, OANDA was named “Best Forex Provider” by the Financial Times and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was recognized by Investment Trends Singapore as providing “Best Value for Money” and “Highest Overall Client Satisfaction”. OANDA was also the first online provider of comprehensive currency exchange information. Today, the company’s OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.
OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. OANDA Europe Limited is a company registered in England number 7110087 limited by shares with its registered office at 25 Watling Street, London, EC4M 9BR and is authorised and regulated by the Financial Conduct Authority, No: 542574.