Features
The site has an electronic trading platform (fxTrade), currency conversion tools, a foreign exchange wire service (fxGlobalTransfer), a corporate hedging consulting service (FXConsulting), discussion forums, tables of historical currency data, as well as forex news and analysis. OANDA provides many Foreign Exchange services besides fxTrade, their forex trading platform. They provide conversion tools and currency charts for businesses to integrate into their sites and indexes and information for travelers.
Mathematician Benoît Mandelbrot singles out OANDA's fxTrade technology as one example of how the foreign exchange market works when small investors and big investors are set on an equal footing, having removed the unfair commission structure.
The forex market, despite its vast size, can be vulnerable to periods of illiquidity. These periods pose a risk to an interconnected globalized economy that is increasingly dependent on foreign currency exchange for currency disintermediation and micro-hedging, along with everyday B2B and B2C cross-border transactions.
Read more about this topic: Oanda Corporation
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