OANDA on course for Billionth Transaction

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US based Forex Broker Oanda is set to see its billionth transaction, and is offering prizes to the first three clients who make transactions after this mark.

This high number of transactions is a significant milestone for the broker that recently replaced its CEO. Will the focus on Asia accelerate the crossing of the 2 billion transaction mark?

More details from the press release:

NEW YORK, June 13, 2012 — OANDA Corporation is proud to announce that the company will soon execute its one-billionth transaction as an online broker.

To celebrate this milestone, OANDA is awarding $10,000 USD to the customer who makes the first trade immediately after the trading platform transaction counter hits 1,000,000,000. Prizes will also be awarded to the second and third trades following the billionth transaction ($1,000 USD and $500 USD, respectively).

“A billion transactions is a testament to the fact that we can cater to traders of any size with utmost flexibility, which is one of the key reasons investors both large and small choose OANDA,” said Tony Savor, who is the company’s Chief Technology Officer. “Our trading system is entirely automated. It uses advanced algorithms that allow us to net large numbers of small tickets simultaneously and process orders at incredibly high speeds. This efficiency provides our customers with industry-leading execution and pricing.”

Only OANDA offers investors the ability to trade any amount from one unit to 10 million units. Other unique features include account deposits for as little as one dollar; second-by-second interest payments; and 24/7 market access. New features, tools, and tradable instruments are added to the trading platform frequently. OANDA also dedicates resources to improve customer experience through the development of leading-edge mobile and social trading applications.
“Engineering excellence, price transparency, and a commitment to customer satisfaction make OANDA one of the most respected players in the market. As we continue to innovate we will reach new targets that make a billion transactions seem small in comparison,” said Savor.

All trades executed on the fxTrade platform—including forex, precious metals, and CFDs—are eligible to win the OANDA Race to the Billionth Transaction contest. Follow @OANDA on Twitter for hourly updates on the transaction count, and read our contest rules and regulations for more information.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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