As readers of Euromoney know, the technology behind marketindex is provided by Oanda (see ABN Amro launches foray into retail FX and other assets, July 2006). ABN successfully launched marketindex to German clients in June 2006 and has subsequently made it available in Austria and Switzerland. The UK is seen as the next challenge.
Oanda’s founders and joint chief executives, Michael Stumm and Richard Olsen, were both at the reception. I’ve watched the progress of Oanda for several years, as Alan Fletcher, one of my old muckers from Midland, is the company’s head trader.
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