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FX news: Oanda pairs with Daewoo Securities

Daewoo Securities in South Korea announced this week that it is now offering FX margin trading.

With liquidity provided by Oanda, Daewoo's clients will be able to trade spot FX in 31 currency pairs.

Darrel Forrest, head of institutional sales at Oanda Asia-Pacific said of the deal this week: “We have been working in the Korea market extensively for some time. The rapidly changing regulations presented an opportunity for Oanda to provide liquidity to the broader market there.

“Daewoo tested our platform and were impressed by our consistent pricing and even more so that the prices are always executable. Trade rejections have been a problem for the Korea market. Oanda’s practice of only delivering executable prices without the need for re-quotes separated us from the crowd."

He added: “We are delighted to be working with Daewoo Securities they are a company with a reputation for delivering innovation to their client base. The potential for growth in this market segment is enormous and we see our technology and pricing capability as a fine complement to Daewoo’s market-leading experience."

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