OANDA Indicates Record-High Trading Volumes

OANDA Indicates Record-High Trading Volumes
30.06.2016 10:15 am

OANDA Indicates Record-High Trading Volumes

Trading Systems , Foreign Exchange

OANDA a leading global provider of online foreign exchange (“Forex”, “FX”) and over-the-counter commodities, bonds and indices trading services, has announced that its clients recorded record-high trading volumes on Friday following the UK’s decision to exit the European Union.

OANDA says despite intense market volatility and the depreciation of Sterling against all major currencies on Friday and Monday, all trades were executed seamlessly, with no trades rejected by OANDA and no trades requoted to customers.

OANDA’s commitment to providing its customers with the most advanced trading technology and an execution platform which reduces latency and slippage, is why OANDA clients were able to execute so efficiently.

Courtney Gibson, Head of Trading at OANDA, comments: “We’re committed to improving our technology to better serve our clients. The UK’s vote to leave the European Union caused extreme market volatility, but our advanced execution technology allowed our clients to enter and exit the market extremely efficiently throughout.”

“The fact that we were able to execute 100% of trades with no rejects or re-quotes, and were back to average spreads across key CFD and FX pairs well before US market open, is a testament to the speed and stability of our trading platform. Traders can be as prepared as possible for a market event such as Brexit, but if they don’t have the right trading partner, traders won’t be able to trade at the speed they demand.”

“That’s why OANDA will continue to invest in improving its trading technology.”

Related News

New derivatives exchange to level the crypto playing-field

The rapidly expanding community of crypto derivatives traders stands to benefit from an industry-grade trading service with the launch of ZUBR, a new high-performance exchange... Read more »

DriveWealth Forges First Partnership in Middle East and North Africa Region with UAE-Based Wealthface

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a new partnership with ... Read more »

Aspire partners with GeTS in furthering fintech hub ambitions

In furthering Singapore as the fintech hub of Southeast Asia, Global eTrade Services (GeTS) has announced its partnership with Aspire, a Singapore-based startup with... Read more »

TransFICC and SoftSolutions to Provide Connectivity for Interest Rate Swaps

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, and SoftSolutions, the developer of high-... Read more »

b-next provides compliance solution to major Russian bank

The German developer of specialised software b-next has concluded the past fiscal year with an important business deal. A major Moscow-based bank has decided to monitor... Read more »

Itiviti Recognized for Best Trading and Execution Platform at Asian Private Banker Technology Awards

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that its multi-asset trading and execution solution has won  Best... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel