Oanda receives $100 million injection
The move signals continued interest by venture capital and private equity firms in the retail FX market, estimated to be at least $60 billion a day. This year, online trading companies FX Solution and Interbank FX received more than $140 million from private equity investors (FX Week, August 6).
The consortium, which also includes Legg Mason, Cascade Investment, and T Rowe Price, joins existing investor Index Ventures, which led the firm's $17 million Series A investment in September 2005.
Micha
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