OANDA Launches Live FX Trading System; Transaction Platform Offers Real-Time Trading, Decision...

Business Editors

NEW YORK--(BUSINESS WIRE)--March 29, 2001

OANDA Corp., the Internet's leading provider of currency-related products and technologies, today announced the availability of its online foreign exchange trading platform for retail customers.

Developed to

"Until now, foreign exchange markets have been closed to all but a small group of participants," said Jeffrey Hunter, President of OANDA. "With FXTrade, we're opening the door to the foreign exchange markets and revolutionizing the way they are traded."

"We've taken 15 years of foreign exchange market research and analysis and incorporated patented market-making and risk management technologies to develop an FX trading platform like none other," continued Hunter. "FXTrade offers a fully automated trading environment, including market making, execution of trades and online account management that provides a truly transparent and liquid FX market regardless of transaction size."

OANDA's FXTrade is a Java application. Key features include:

-- Low spreads -- Regardless of transaction size, FXTrade allows users to trade
with the tightest spreads available on the Internet -- as low as 2-3 pips.

-- No trade minimum -- FXTrade offers the smallest transaction size available
on the Internet -- users can trade as low as $1.

-- Continuous interest rate payments -- FXTrade is the first online financial
application that offers continuous interest rate payments.

-- No costs -- There is no start-up cost, monthly fee, commission or
transaction fee associated with FXTrade. Also, there is no charge for stop or
limit orders.

-- Entirely Internet based -- FXTrade is 100 percent Internet based and
accessible through standard Internet browsers.

-- Analysis tools -- FXTrade incorporates proprietary quantitative research
tools, including price and yield forecasts and timing indicators, to facilitate
the decision-making process. These tools, as well as FXNews -- currency and
market news -- are free to FXTrade users.

-- Price transparency -- FXTrade quotes continuous, real-time executable
pricing.

-- Real-time settlement,