FX trading and exchange rate firm OANDA has set up a new Tokyo-based venture OANDA Japan. The division will sustain OANDA’s rapidly growing institutional client base in Japan and facilitate business development efforts across Asia-Pacific.
To establish its presence in the country, OANDA acquired a majority stake in Japanese broker MyGaika and renamed it OANDA Japan. The business makes use of liquidity and technology from OANDA, while managing risks and sources liquidity as an independent organization. Tomitaka Ishimura will serve as managing director of the subsidiary.
Click here for the release from PR Newswire.