27 August 2012

OANDA Asia Pacific expands operations in Singapore

Singapore – 27 August 2012 (PRWEB) - OANDA Asia Pacific, provider of innovative online foreign exchange trading services, announced today the expansion of operations in Singapore, to accommodate the growth in Asian retail FX sector and to provide customer support to its increasing customer base. OANDA Asia Pacific has tripled its operations in Singapore in the last two years. The new office is located at the heart of Singapore’s new financial center at OUE Bayfront. The move also marks four successful years of operation in Singapore. 

“Growth has picked up recently in retail forex market in Asia. We are witnessing a flow of investments from equities to FX as more traders begin to see the potential in forex trading. OANDA is investing in our Singapore and Asia operations to respond to the market needs,” said Marion Lang, Head of Sales and Marketing for OANDA Asia Pacific. 

OANDA Asia Pacific opened its Singapore office four years ago and has tripled its operations since 2010. 

“Asian FX traders are exploring the tremendous market potential with increasing volumes. The constant movement in the major currencies like Euro, Sterling and Yen offer challenging but exciting opportunities that are attracting more and more investors,” said Stuart McPhee, an experienced trade strategist and OANDA’s Head of Education in Asia Pacific. 

McPhee added, “OANDA provides one of the world’s leading platforms for trading FX. We are known for our technology and our commitment to transparency in the marketplace, which we feel is essential for helping traders understand the markets better and trade with more confidence. With freely shared market sentiment tools, market-leading prices, quality execution, and a reputation for being a fair dealer, we are confident our growth spurt will continue.” 

OANDA Corporation has seven offices worldwide, in 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 Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Services Authority (FSA), and the Japanese Financial Services Agency (FSA). 

Source: OANDA