Oanda Corporation

OANDA is a Canadian-based foreign exchange company providing currency conversion, online retail foreign exchange trading (forex), online foreign currency transfers, and forex information. In the US it is a non-bank Futures Commission Merchant (FCM) specialized in spot forex trading and a registered FCM with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).

History

OANDA was co-founded by Michael Stumm, a professor of Computer Engineering at the University of Toronto, and Richard Olsen of The Olsen Ltd., a leading econometric research and development firm.

OANDA is an outgrowth of the Swiss Olsen Group and was created to serve as an internet trading platform to automate techniques based on the group's research in foreign exchange trading. Much of OANDA's technology is based on algorithms published in the book High Frequency Finance, which was co-authored by Dr. Richard Olsen, a principal of OANDA and co-inventor of these algorithms.