OANDA Corporation has opened an office in London to manage the companys newest subsidiary, OANDA Europe Limited.
The launch is part of OANDAs goal to expand business development efforts in the UK and Europe, and support existing clients with a stronger regional presence.
OANDA now has five offices worldwide, in New York, Singapore, Toronto, Dubai and London. Each is fully regulated in its respective jurisdiction.
OANDA has been on a sustained growth trajectory since we introduced our revolutionary FX trading platform, fxTrade, back in 2001; OANDA Europe marks another important phase of our global expansion strategy, says Michael Stumm, CEO of OANDA Corporation. Our UK and European clients will now have the advantages of trading under rules tailored to their jurisdiction. We look forward to delivering these clients more personal service along with the ultra-tight spreads, quality execution and consistent liquidity they expect from OANDA.
Antony Broadbent is managing director of OANDA Europe Limited. He brings more than 15 years of financial services experience to his role at OANDA. Broadbent has held a number of senior management positions at institutions regulated by the UK FSA, including Alliance Bernstein and Capital One. He also spent 10 years with leading international management consultants McKinsey & Company.
The launch of OANDA Europe is the culmination of a great deal of hard effort, and along the way weve gained a deep understanding of how to be more responsive to the needs of this market, Broadbent says. Currency traders in the UK and Europe are looking for pricing and liquidity; OANDAs innovative approach delivers what they need and more. Our open, flexible trading environment gives clients clear information about trading costs and the ability to trade the way they want towithout paying a penalty.
Broadbent says that nearly 40 percent of the worlds FX activity passes through the UK capital.
London is the centre of the global FX market, he say. It makes perfect sense for OANDA to have a base hereits the ideal location from which to serve our clients all across continental Europe.
(CM)