Oanda gets $100M for online currency trading for masses
Oanda, one of the first companies offering online currency trading for consumers, has received a $100 million second round of investment from firms including Legg Mason, Cascade Investment and NEA.
The currency trading market has been considered somewhat closed to small investors, having long been the haven of banks and large funds. Trading currency, despite its innate risk, can offer several advantages, including better tax rates and superior margins, when compared to trading stocks.
New York City’s… Continue Reading