Online foreign exchange and CFDs brokerage OANDA has added two new currency pairs to its online forex trading platform, OANDA fxTrade, the company has revealed today.
New JPY Crosses
OANDA Japan FX is now offering TRY/JPY and ZAR/JPY currency pairs, effective from September 2016, follow an increasing number of requests. The news has been welcomed by the company’s global client base who are already accustomed to OANDA’s low spreads. Based the company’s experience with the rapid uptake of other pairs, the introduction of the new pairs is expected to result in a higher volume of trades.
OANDA traders span the globe, and now have access to an extensive range of over 90 currency pairs, including all of the major pairs and crosses to major Asian currencies such as the Hong Kong Dollar, Thai Baht, and Indian Rupee.
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OANDA started in 1995 as the first online provider of comprehensive currency exchange information and has since become the benchmark for corporations, tax authorities, auditing firms, and central banks.
The company launched fxTrade, the first fully automated online forex trading platform in 2001 which was the first platform to offer immediate execution, support trades and accounts of any size, enabling true 24/7 trading.
Just last week, OANDA rolled out a big update to its current portfolio and is now enabling hedging capabilities across its native fxTrade, MT4 and OANDA API offerings. The company also deployed a new trading engine called V20, which aims to enhance the client trading experience with benefits including up to 3.7 times faster execution encompassing CFDs, currencies and metals.