OANDA Expands Presence in Japan
OANDA Corporation has established a new operation, OANDA Japan Incorporated. The Tokyo-based subsidiary will support OANDAs rapidly growing institutional client base in Japan, and help fulfill the companys aggressive business development efforts across the Asia Pacific region.
“To establish a strong foothold in the Japanese market, OANDA acquired a majority stake in Japanese broker MyGaika in October 2010. Renamed OANDA Japan Inc., this subsidiary takes advantage of liquidity and technology from OANDA Corporation while otherwise operating as an independent organization.
OANDA Japan manages risks and sources liquidity independently, so its platform pricing will vary from that of OANDA Corporation and its other subsidiaries.
Leverage is restricted to a maximum of 25:1, in accordance with Japanese financial regulations.
via OANDA Expands Presence to Dynamic Japanese Forex Market – Yahoo! Finance.
