OANDA, the online multi-asset trading service provider, has promoted Lucian Lauerman to Deputy Chief Operating Officer. Previously, Lauerman served as the Head of Digital Assets at the firm for more than two years. He joined OANDA in 2019 as Head of Data Services.

According to his LinkedIn profile, Lauerman has held key roles in notable companies such as Saxo Bank, Lloyds Banking Group, and GL Trade. At Saxo Bank, he rose from the role of Head of API Business to Global Head of Electronic Distribution.

Leadership Changes at OANDA

In February, Jessica Beckstead, the CEO of OANDA US, expanded her role as the Head of FX Data Services. With over 20 years of experience in the financial services industry, Beckstead has a wealth of knowledge and leadership from previous key roles at FXCM. Her journey in the financial services industry spans over two decades, including her tenure at FXCM, where she held various significant positions, including Managing Director & Global Head, CEO of FXCM Australia, and Managing Director of Emerging Markets.

Commenting on her expanded responsibilities, Beckstead highlighted the crucial role of data-driven insights in today's financial markets. She expressed enthusiasm about leading OANDA's FX Data Services division, emphasizing the company's commitment to delivering top-tier services globally.

Expanding Offerings

Meanwhile, OANDA recently ventured into proprietary trading with OANDA Labs Trader, Finance Magnates reported. The initiative aims to empower traders, offering them the opportunity to earn up to 75% profits through OANDA's Global Markets division in the British Virgin Islands. Traders must pass an assessment and adhere to regulatory standards, qualifying for funding ranging from $25,000 to $500,000.

OANDA's proprietary trading program presents challenges with profit targets and loss limits, providing traders with a structured approach to trading while mitigating risks. By embracing proprietary trading, OANDA aims to empower traders with opportunities for growth while maintaining compliance with regulatory standards.