OANDA expands presence into Japanese FX market

OANDA, has established a new operation, OANDA Japan Incorporated.

First Published by e-Forex News: October, 2011

OANDA, has established a new operation, OANDA Japan Incorporated. The Tokyo-based subsidiary will support OANDA’s rapidly growing institutional client base in Japan, and help fulfill the company’s aggressive business development efforts across the Asia Pacific region.“Institutional traders, particularly those in Japan, have long expressed a strong desire to access OANDA’s ultra-competitive spreads and deep forex liquidity,” said Michael Stumm, CEO of OANDA Corporation. “We launched OANDA Japan in response to a clear need in the Japanese forex market—the third most active forex trading market in the world—for low spreads and reliable liquidity sources.”