Oanda Continues Management Changes as London Director Departs

Oanda, one of the largest foreign exchange brokers has made a second major change his year in its board with the departure of Antony Broadbent, managing director of Oanda Europe. Anthony will be leaving the firm after 12 months of service. The move comes after Oanda made significant changes in their leadership earlier this year when K Duker took over as Chief Executive Officer from Michael Stumm.

Oanda has been famous for offering competitive pricing by focusing on acquiring clients direct thus removing the middle man, Oanda would prefer not to deal with introducing brokers and agents especially those who add mark ups and commissions. The firm operates across borders and has offices in; Dubai, Chicago, London, New York, Singapore, Tokyo, Toronto, and Zurich.

Anthony Broadbent will be superseded by Paul Hayward, Head of the firms Dubai office.

An official statement from Oanda about the change:

“Antony Broadbent and OANDA parted ways in late September. During his tenure with the company, Antony achieved his mandate to build the OANDA Europe Limited team and ensure our good standing with the FSA. We are now poised for further growth in the region under the leadership of Paul Hayward, a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry veteran and most recently the head of OANDA’s Dubai office. Paul has nearly three decades of financial services experience in London and Dubai, most notably for HSBC and Raiffeisen Zentralbank."

Oanda secured a major white label partnership with HSBC bank and developed its MT4 inter-bank Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term in-house, the firm boasts more than a dozen Ph.D holders and continues to show strong signs of growth.

With major changes taking place at the firm, could there be talk of an IPO coming.