Oanda back to basics as tough rules hit retail market
Retail foreign exchange brokers are struggling to find ways to survive in a harsh new regulatory environment, with some opting to simply exit the market altogether. Margin FX trading provider Oanda's approach is to shift its focus away from expansion plans, such as its recent foray into the institutional space, and back to its core clients.
The Toronto-based firm has offices in Singapore, Tokyo, Hong Kong, Australia and Chicago, and in 2011 also launched operations in London, as it sought to
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