<p>OANDA, a longtime player in the
multi-asset retail trading industry, has expanded its contracts for difference
(CFDs) offering beyond European equities to now include popular US and UK
stocks. The launch was introduced under the Global Markets division, the broker
announced on Monday.</p><p>With the launch, OANDA clients
in the emerging markets can now trade CFDs on the shares of companies drawn
across a variety of sectors from the stated countries, providing them with “valuable
diversification opportunities.” This move also increases trading options
available to clients, the broker noted.</p><p>“With this announcement, OANDA
completes its goal of allowing retail traders to trade CFDs on individual
company shares, such as BP and Vodafone in the UK, and Tesla, Amazon, and Apple
in the US,” OANDA noted in a statement.</p><p>”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 as well as upward, allowing traders to take
positions even when volatility is high,” Phil Waters, Head of Asia Pacific and
Emerging Markets at OANDA, explained.</p><p>OANDA Eyes “Growth Opportunities”
in the EU</p><p>Since starting out in 1996,
OANDA has established its forex and CFDs trading business in several
jurisdictions. The broker is licensed in the United States, Canada, Japan, Australia,
Singapore, and the United Kingdom.</p><p>In a new development, OANDA last week <a href=”https://www.financemagnates.com/forex/oanda-moves-european-operations-base-to-poland/” target=”_blank” rel=”follow”>moved its European operations</a> to Poland, a month after announcing its intention <a href=”https://www.financemagnates.com/forex/oanda-to-exit-malta-in-march-to-run-european-business-from-poland/” target=”_blank” rel=”follow”>to exit Malta</a>. The move to Poland comes over two years after the
broker <a href=”https://www.financemagnates.com/forex/brokers/oanda-acquires-polish-brokerage-tms/” target=”_blank” rel=”follow”>acquired Dom Maklerski TMS Brokers</a> S.A., the oldest and second-largest local brokerage firm in Poland. OANDA <a href=”https://www.financemagnates.com/forex/brokers/oanda-completes-acquisition-of-polish-company-tms-brokers/” target=”_blank” rel=”follow”>completed the acquisition</a> of the brokerage firm in March 2021.</p><p>Now, the broker is seeking to “consolidate
its operations” in Europe through TMS, which has been rebranded to OANDA TMS. The new entity is regulated by the Polish Financial Supervision Authority.</p><p>”This is an exciting new
chapter and a significant growth opportunity for OANDA in the EU. We want to
serve the client in the best way possible, so we made the decision to base our
operations in Poland,” Marcin Niewiadomski, OANDA’s Head of Europe,
explained in a statement. “This was a natural choice, as it will enable us to build the
OANDA brand on the strengths of OANDA TMS,” the executive added.</p><p>Meanwhile, beyond CFDs, OANDA is
also seeking to consolidate its presence in the digital asset economy. In
October last year, the broker <a href=”https://www.financemagnates.com/cryptocurrency/broker-oanda-rebrands-launches-crypto-trading-service-in-us-market/” target=”_blank” rel=”follow”>introduced crypto trading to its US
market</a>, enabling its clients in the
country to trade spot crypto on Paxos’ itBit Exchange from the OANDA mobile
app. The broker also unveiled a brand-new identity as part of the move.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
