Previously facilitating their clients to trade CFD on European blue-chip stocks, OANDA now provides them with US and UK-listed equities.
OANDA is taking a bold step into the market by offering contracts for difference (CFDs) on single stocks in the United States and the United Kingdom. Due to the recent system, they can trade CFDs on US and UK-listed shares in its Global Markets division. This is due to the clients' demand which may attract both the company's current clientele and potential new clients.
In recent years, the company's clients from certain regions, such as fund managers, hedge funds, and commodity trading advisors, have become more interested in trading local stocks. This is a good reason to add more assets.
Head of APAC & Emerging Markets Phil Waters remarked, "Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward and upward, allowing traders to take positions even when volatility is high."
OANDA is a global brokerage located in Toronto, Europe, and Asia. The firm provides a foreign exchange trading platform both individual and institutional traders use. In addition, it offers services for gathering and analyzing currency data to consumers, businesses, and investment advisors.
All of OANDA's European operations are conducted through a singular regulated business. The company's European Union operations, now supervised by the Polish Financial Supervision Authority (KNF), is headquartered in Warsaw, Poland.
See Also: OANDA Review