OANDA set to celebrate its one-billionth transaction
NEW YORK, June 13, 2012
OANDA Corporation is excited to announce that the company will soon execute its one-billionth transaction as an online broker.
To celebrate this milestone, OANDA is awarding $10,000 USD to the customer who makes the first trade immediately after the trading platform transaction counter hits 1,000,000,000. Prizes will also be awarded to the second and third trades following the billionth transaction ($1,000 USD and $500 USD, respectively).
“A billion transactions is a testament to the fact that we can cater to traders of any size with utmost flexibility, which is one of the key reasons investors both large and small choose OANDA,” said Tony Savor, who is the company’s Chief Technology Officer. “Our trading system is entirely automated. It uses advanced algorithms that allow us to net large numbers of small tickets simultaneously and process orders at incredibly high speeds. This efficiency provides our customers with industry-leading execution and pricing.”
Only OANDA offers investors the ability to trade any amount from one unit to 10 million units. Other unique features include account deposits for as little as one dollar; second-by-second interest payments; and 24/7 market access. New features, tools, and tradable instruments are added to the trading platform frequently. OANDA also dedicates resources to improve customer experience through the development of leading-edge mobile and social trading applications.
“Engineering excellence, price transparency, and a commitment to customer satisfaction make OANDA one of the most respected players in the market. As we continue to innovate we will reach new targets that make a billion transactions seem small in comparison,” said Savor.
All trades executed on the fxTrade platform—including forex, precious metals, and CFDs—are eligible to win the OANDA Race to the Billionth Transaction contest. Follow @OANDA on Twitter for hourly updates on the transaction count, and read our contest rules and regulations for more information.
OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s leading 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; 24/7 trading; and interest calculated by the second. OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Rate® data are the benchmark rates for corporations, tax authorities, auditing firms, and central banks. OANDA also offers global currency transfers at ultra-competitive prices through a fast, efficient, automated platform.
OANDA Corporation has eight offices worldwide, in Dubai, Chicago, London, New York, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Dubai Financial Services Authority (DFSA), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Services Authority (FSA), and the Japanese Financial Services Agency (FSA).