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OANDA Asia Pacific Introduces Community-Based Trading Platform


Toronto News, (PR) May 29, 2012

OANDA Asia Pacific, global innovator in online foreign exchange trading and trusted source for currency data, announced that the new social forex trading platform, fxUnity, is now available for Asian traders. The platform is another way that OANDA is making currency trading more accessible, open, and mobile.

OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The companys online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; trades and accounts of any size; 24/7 trading; and interest calculated by the second, eliminating the need for rollover swaps. OANDA was the first online provider of comprehensive currency exchange information, and today the companys OANDA Rate? data is the benchmark for corporations, tax authorities, auditing firms, and central banks. OANDA also offers global currency transfers through a fast, efficient, automated platform at ultra-competitive prices.

OANDA fxUnity represents a new approach to trading currencies. It is designed for aspiring currency traders who want a social, interactive trading experience in either real or practice environments online or via mobile device. With fxUnity, clients invest in a diversified basket of currency pairs rather than a single currency pair.

“We are thrilled to introduce fxUnity to retail traders in Asia. As the FX market expands in the region, we want to offer a variety of trading experiences that match the diverse needs of different types of traders, says Marion Lang, Head of Sales and Marketing for OANDA Asia Pacific. With the globally-trusted FX trading platform OANDA fxTrade and now, with the uniquely designed social trading platform fxUnity, our goal is to help Asian traders succeed in trading, but more importantly, enjoy the experience of trading.

Forex trading comes with its share of financial risks, so OANDA has designed fxUnity with limited leverage available to traders. The platform provides a user-friendly, interactive dashboard so traders can monitor their funds closely and follow the activities of fellow fxUnity traders to shed light on market sentiment. Following the initial rollout, additional features and functionality will be introduced on an ongoing basis.

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).