FX news: Oanda targets Asian market with new currency pairs
The new pairs offered are AUD/SGD, CHF/CAD, GBP/AUD, GBP/NZD, GBP/ZAR, TRY/JPY, XAG/JPY, CHF/ZAR and ZAR/JPY.
Oanda has added a further nine new currency cross pairs to the 48 pairs already offered on their FXTrade platform to meet demand for competitive spreads in Japan and Asia.
The new pairs offered as of this week are AUD/SGD, CHF/CAD, GBP/AUD, GBP/NZD, GBP/ZAR, TRY/JPY, XAG/JPY, CHF/ZAR and ZAR/JPY.
The Yen crosses to ZAR and TRY will be popular for carry trading.
K Duker, managing director of Oanda Asia-Pacific says: “We are pleased to offer an expanded currency selection in response to demand from our clients.
“Oanda is quickly becoming a strong alternative for all FX traders in Singapore, and for institutional traders elsewhere in the Asia-Pacific region. These new pairs reinforce Oanda’s commitment to the region.”