History
OANDA is an outgrowth of the Swiss Olsen Group and was created to serve as an internet trading platform to automate techniques based on the group's 20 years' worth of research in foreign exchange trading. Much of OANDA's technology is based on algorithms published in the book High Frequency Finance, which was co-authored by Dr. Richard Olsen, a principal of OANDA and co-inventor of these algorithms.
OANDA Corporation was incorporated in 1996 in the state of Delaware, and initially provided online access to live currency information that was previously inaccessible to the public at large. At its inception, OANDA.com offered free currency conversion tools, tables of historical data, news, and analysis through a multilingual interface.
In 2001, OANDA launched fxTrade, an online forex trading system.
In 2008 OANDA launched fxGlobalTransfer, an automated online foreign currency transfer service designed to send funds globally. The same year, OANDA launched fxPedia, an online wiki of forex information and commentary, and fxConsulting, a consulting service for corporate hedging.
Ownership and regulatory information on OANDA are available from its NFA listing.
Read more about this topic: Oanda Corporation
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