OANDA Hires Neil McDonald as Global Head of Trading and Quantitative Analytics

Online foreign exchange and CFDs brokerage OANDA has secured the services of Neil McDonald, who joins the company as its newest Global Head of Trading and Quantitative Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, according to a corporate statement.

In his new role, Mr. Neil will be based out of OANDA’s New York branch, where he will be tasked with leading the company’s strategic growth across electronic trading business with a special focus on the global trading, quantitative analytics and research groups.

Prior to taking up his new capacity at OANDA, Mr. McDonald worked for financial technology firm Investment Technology Group, Inc. (NYSE: ITG), where he most recently served as its Managing Director. Neil’s career encompasses other senior roles including Managing Director and Global Head of Electronic Market-Making and Head of US Derivatives Trading for JP Morgan. He also held several executive management functions at Citadel, Morgan Stanley, Lehman Brothers, and Goldman Sachs.

Announcing the appointment, Ed Eger, President and CEO of OANDA Corporation, said: “Neil’s 30 years’ experience in trading and the financial services sector is a tremendous addition to OANDA’s leadership. With Neil joining the team, I know we can continue to deliver the best Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and trading experience for clients across the globe.”

Speaking on his new hire, Neil McDonald said: “OANDA has an enviable reputation for providing its traders with the technology, the advanced tools, and the resources that help them get the most out of trading. As a member of the executive leadership team I’m looking forward to playing a key role in furthering all OANDA has done for the industry and its clients.”