OANDA, officially opens its offices in Australia today. With its new office in Sydney, OANDA is poised to deliver its local customers more quality service within the region.
The Asia Pacific represents a region with more clients to be won so FX brokers worldwide are in a race to establish themselves as leaders within this economically dynamic part of the globe. The launch in Australia is part of OANDA’s overall growth strategy in APAC – a market that represented 24% of the company’s global growth in 2013.
Newly named MD Louis Cooper for OANDA Australia, said: “OANDA has a strong legacy of innovation and we’re always looking for ways to disrupt the market. “We are a technology company at our core; we are always working to discover new and better ways to leverage that technology for the benefit of our clients. We’ve arrived in Australia to empower traders and help them to better manage their trading strategies over the long term.”
Cooper continued: “…OANDA has a strong reputation, including some of the lowest latency in the industry, no hidden fees, no trade rejections, and a clean record with all of our regulators around the globe. The quality of our pricing and execution, coupled with innovative offerings, such as our OANDA Trade Leaders Program copy-trading service and our multi asset class execution on MT4, sets us apart from our competitors and helps gives our traders an edge.”
Rajesh Yohannan, Managing Director of OANDA Asia Pacific stated: “OANDA is bucking the overall industry trend. While there is a small decline in FX trading in markets such as Australia and Singapore, we have been growing steadily year on year across Asia. We see Australia and New Zealand as significant growth opportunities given the relative size of the FX and CFD market in the region and the high demand we’ve seen from traders here.”
OANDA CEO, Ed Eger and OANDA Australia MD, Louis Cooper kick off the celebrations for OANDA’s arrival down under #OANDAAustralia
— OANDA (@OANDA) May 14, 2014