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OANDA Adds More CFDs to its Award-winning Forex Trading Platform
By: PR Newswire
Dec. 11, 2012 04:04 AM
LONDON, December 11, 2012 /PRNewswire/ --
New instruments include two-year, five-year, and 10-year U.S. Treasury Note Futures and U.S. Treasury Bonds
OANDA, a global provider of innovative foreign exchange trading services, is adding 12 more Contract for Difference (CFD) instruments to its award-winning forex trading platform, OANDA fxTrade.
The company will offer CFD trading with the new instruments to European clients first, before expanding its CFD product offering to clients in other regions. Among the new CFDs being introduced are instruments that will enable OANDA's European retail forex clients to invest directly in U.S. debt.
According to Courtney Gibson, Vice President of Trading at OANDA, offering CFDs on the company's forex trading platform provides clients with more opportunities to invest in financial markets.
"CFDs are a versatile asset for investors. By trading CFDs on OANDA's platform, investors can take positions in a variety of commodities, futures and bond markets at lower transaction costs than paying to trade physical shares, and with the benefit of real-time transparent pricing for which OANDA is renowned," Gibson said. "We want clients to love trading with us so we're committed to offering them access to the key markets they want to be in, on a platform that offers forex risk management tactics such as stop losses and trailing stops and the ability to balance their portfolios from a single trading account."
A CFD is a derivative instrument whose price is based on an underlying asset. Neither the trader nor the authorized, regulated dealer owns the financial asset; they only own the speculation contract. CFDs may include equities, commodities, indices, or currencies, and investors can trade them without the need to tie up a large amount of capital to do so.
New CFDs on OANDA's trading platform:
Notes to the Editors
OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company's leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data are the benchmark rates for corporations, auditing firms, and central banks.
OANDA Corporation has seven offices worldwide, in Chicago, London, New York, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Services Authority (FSA), and the Japanese Financial Services Agency (FSA).
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