A low-cost, flexible way to trade global stock market indices like the Nikkei, Hang Seng, Dow Jones, DAX, and FTSE; oil, wheat, natural gas and other commodities in demand and Treasury bonds
SINGAPORE, June 17, 2013 /PRNewswire/ --OANDA, a global provider of innovative foreign exchange trading services, announced it has added fixed income contracts for difference (CFDs) to its award-winning trading platform. Retail investors in Singapore and across the Asia Pacific region can now buy and sell foreign stock market indices, commodities, and Treasury bonds in addition to trading foreign exchange (forex) and precious metals from a single account.
According to Courtney Gibson, Vice President of Trading at OANDA, these new products allow OANDA's clients to expand their investment portfolios to include a variety of the world's key stock indices, commodities, and bond markets. Clients can trade at lower transaction costs than paying to trade physical shares, commission-free, and with the benefit of real-time transparent pricing for which OANDA is renowned.
"Asia Pacific is a strategic region for OANDA. By adding CFDs to our trading platform, we are continuing to respond to client demand to trade these assets in the same flexible way that they trade forex: no minimum trade sizes, commission-free, and without the need to tie up a large amount of capital," Gibson said. "Investors who trade CFDs with OANDA to speculate, hedge exposure in the underlying asset, and diversify their portfolios, can also take advantage of our free risk management tools, exceptional execution, and 24/5 global market access with a broker that's known for transparency, fairness, and an exemplary regulatory track record."
"Serving the needs of the local investment community across the Asia Pacific region is a top priority," said Rajesh Yohannan, Managing Director and CEO for OANDA Asia Pacific. "As APAC investors are demanding access to foreign markets and commodities in demand worldwide, CFDs have become increasingly popular with retail traders, and OANDA Asia Pacific's customers have voiced their desire to invest in these versatile instruments."
A CFD is an over-the-counter, leveraged 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.
The CFDs available on OANDA's platform includes several leading international stock market indices such as the Nikkei 225, S&P 500, Germany's DAX 30, the Hang Seng, and the Russell 2000 Index; U.K. 10-year Gilt, 10-year German Bund, and two-year, five-year, and 10-year U.S. Treasury notes; and commodities including Brent crude oil, natural gas, wheat, and corn.
Note to Editors:
About OANDA
OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company's award-winning 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's powerful, flexible fxTrade platform is also accessible via mobile applications for iPad, iPhone, and Android devices.
In 2012, OANDA was named "Best Forex Provider" by the Financial Times and by Investors Chronicle; "Best FX Broker" by Forex Magnates; and was recognized by Investment Trends Singapore as providing "Best Value for Money" and "Highest Overall Client Satisfaction". OANDA was also the first online provider of comprehensive currency exchange information. Today, the company's OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.
OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. The company is 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 Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).
Contacts:
Hoffman Agency for OANDA Asia Pacific
Jacintha Ng
Direct: +65 6361 0250
OandaSG@hoffman.com
www.hoffman.com
