Oanda launches multi-client FXManager
FXManager allows investment managers to trade from all client accounts in one order on Oanda's forex platform FXTrade. Gains or losses are then automatically allocated to the various clients, according to predefined percentages entered by the manager.
This guarantees the same rates and equal treatment for all clients. "Money managers may have 10, 50 or as many as 200 clients, so executing trades manually becomes a cumbersome operation, open to human error," explained Michael Stumm, Toronto-based
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