Have you ever wonder about the story behind OANDA, one of the biggest Retail Forex Brokers in the world?
If you have, here you have it.
Allow me to congratulate the author of the article Mr. Doug Steiner. A brilliant job indeed!
How do you run the world's most innovative online forex trading firm?
Doug Steiner at The Globe and Mail
When University of Toronto computer engineering professor Michael Stumm decided to launch an online currency trading platform for individual investors in 2001, he had no idea of the regulatory obligations involved. Nor did he have any experience in dealing with the powerful international banks that dominate foreign exchange—forex—the world’s largest, fastest and most liquid market, with a daily global trading volume of about $4 trillion (U.S.). Stumm spent a modest $250,000 to have four of his former students help him write the software.