OANDA unveils expansion plan for rest of Asia
It wants to use S'pore as base to expand forex retail trading in region
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[SINGAPORE] Having successfully revived retail foreign-exchange trading in Singapore, OANDA is now ready to take on the rest of Asia.
"We want to use Singapore as a base to go out to a larger number of markets," Rajesh Yohannan, OANDA Asia Pacific chief executive, told The Business Times in an interview.
The US-based privately owned company, which set up its Singapore office in 2008, has between 5,000 and 10,000 retail customers here. Its success in attracting retail customers is quite a feat, given that the number of traders continues to fall.
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