REGULATORY PUBLIC DISCLOSURES

COMPANY NAME AND ADDRESS

OANDA Corporation, 
140 Broadway, 46th Floor,
New York, NY, 10036
USA

tel: 1-212-858-7690, 1-877-OANDA-FX (1-877-626-3239)
fax: 1-212-208-4356, 1-877-264-2220
email: frontdesk@oanda.com

OANDA Corporation, NFA regulated entity, is a subsidiary of OANDA Global Corporation

LISTED PRINCIPALS

The following individuals are Listed Principals of OANDA Corporation:

• John Farda, Chief Executive Officer

John has over 15 years of experience in the financial services industry. Prior to joining OANDA, he has held positions leading teams that were responsible for a broad range of business and customer objectives at Fidelity Investments, E*TRADE Financial, and CME Group. John holds a BA in economics and English from the University of California, Berkeley.

• Jim Carlone, Chief Compliance Officer

Jim serves as OANDA Corporation's Chief Compliance Officer. He has over 30 years of Regulatory Compliance experience with a focus on developing and executing testing programs, supporting annual Compliance Risk Assessments , and implementing Regulatory Change Management initiatives. Prior to joining OANDA Corporation's Compliance Department, Jim has held senior Compliance positions with J.P. Morgan Asset Management and HSBC in addition to his independent consulting engagements with DWS Group Inc. and BNY Mellon.

• Thomas Johnson, AML Compliance Officer

Thomas is the designated AML Compliance Officer for OANDA. He has over 16 years of financial services experience and previously worked in related roles at Interactive Brokers and TD Ameritrade. Thomas received his Finance degree from Indiana University’s Kelley School of Business and his MBA from Northern Illinois University. He also received a Mechanics of Risk Management certificate from Middlesex University. Thomas currently holds Series 3 and 34 licences and formerly held Series 4, 7, 9/10, 24, and 66 licenses.

• Natesan Mayuranathan, Director, Risk and Assurance

Natesan leads OANDA’s risk management function. He has more than three decades of experience in risk management, internal audit, management accounting, technology systems design and implementation across a broad spectrum of organizations including manufacturing, aviation, governments and major financial service organizations in North America, U.K. Middle East and India. Prior to joining OANDA, Natesan was Head of Operational risk management in TMX Limited, operators of Toronto and Montreal Stock Exchanges where he served more than 11 years. Natesan is a Certified Public Accountant, Certified Internal Auditor and Certified Information Systems Auditor.

• Kevin Ryan, Chief Financial Officer

Kevin leads OANDA’s Finance function and is responsible for directing the company’s overall financial management overseeing planning, accounting, reporting, treasury, and taxation. Kevin joined OANDA in May 2012 as the Global Controller, since then he has taken on more responsibilities within the Finance function and was appointed Vice-President of Finance in April 2016 and appointed CFO in March 2019. Kevin has over 10 years of financial services experience, prior to coming to OANDA he was a manager at KPMG LLP in their financial services audit practice. Kevin is a Chartered Accountant and holds a Bachelor of Business Administration degree from Wilfrid Laurier University.

• David Hodge, CMO and Managing Director, EMEA

David Hodge is OANDA’s Chief Executive Officer EMEA and Chief Marketing Officer, responsible for driving company growth across the region, as well as spearheading the firm’s marketing efforts worldwide. Having spent 15 years facilitating profitability, long-term growth and digital transformation with some of the world’s leading brokerage firms, he brings with him a wealth of experience that spans not only marketing but also the industry as a whole. David holds a BA (Hons) in Geography from the University of Portsmouth and an MSc in Marketing and Management from Cranfield University.

Refer to the following link for more information about OANDA's global Corporate Governance.

FIRM’S BUSINESS

As of Dec 31, 2020 (updated annually or on material change)

FIRM’S CUSTOMER BUSINESS

Types of Customers: institutional (Introducing Brokers, Commodity Pool Operators, Commodity Trading Advisors), ECP and retail

Markets and Currencies Traded: Foreign exchange currencies. Contracts for Difference, including index, bond and commodity-based CFD’s and Precious Metals are not available for trading to residents of the United States.

International Business: OANDA operates in eight regulated markets including

OANDA Corporation – operating in US (regulated by CFTC/NFA),
OANDA Europe Limited – operating in the UK and Europe (regulated by the FCA),
OANDA Europe Markets Limited - operating in the European Union (regulated by the MFSA),
OANDA Asia Pacific Pte Ltd – operating in Singapore (regulated by the MAS),
OANDA (Canada) Corporation ULC – operating in Canada (regulated by IIROC),
OANDA Australia Pty Ltd – operating in Australia (regulated by ASIC),
OANDA Japan Inc – operating in Japan (regulated by FSA),
OANDA Global Markets Ltd - operating in the emerging markets (regulated by the FSC in the BVI)

Prime brokers and/or liquidity providers

As of April 12, 2021

Policies and procedures concerning the choice of bank depositories, custodians and counterparties

OANDA holds its operating and customer funds in accounts at top tier banks. When initially selecting a bank depository, a thorough review of the bank’s credit rating and financial statements is completed. Normally, OANDA only holds funds at banks with a credit rating of A or higher. OANDA periodically monitors the financial condition of the banks it has relations with for ongoing compliance with established criteria. Any deviation from the above is subject to review and approval by OANDA’s Risk Management Executive Committee

Material Risks associated with OANDA acting as a counterparty to Eligible Contract Participants (ECPs)

ECP credit risk arises when an ECP’s total deposited funds are insufficient to cover trading losses incurred. This situation may arise when there is a sudden and significant movement in the market relating to an instrument in which the client has an open position. OANDA controls the risks associated with ECP trading activities by requiring ECP’s to deposit cash collateral. OANDA does not allow ECP’s to enter into trades if the ECP has not deposited a sufficient amount of collateral. In addition, the trading platform manages this risk by automatically closing out an ECP’s open positions when there is insufficient collateral on deposit. OANDA also has affiliated companies that act as regulated forex counterparties in foreign markets and OANDA is required to maintain a higher level of capital based on its relationships with those affiliates.

Material Complaints or Actions

OANDA is required to disclose any material administrative, civil, enforcement or criminal complaints or actions filed against OANDA where such complaints or actions have not concluded, and any enforcement complaints or actions filed against FCM during the last three years.

On April 1, 2021, the National Futures Association (“NFA”) issued a Decision accepting an Offer of Settlement (“Offer”) that OANDA had made to resolve a complaint that NFA had issued on March 8, 2021 (“Complaint”). The Complaint had alleged, inter alia, that OANDA: (1) in apparent violation of NFA Financial Requirements Section 13, had failed on various dates to submit certain daily forex reports accurately or timely; and (2) in apparent violation of NFA Compliance Rule 2-36(e), had failed: (i) to adopt and implement an adequate information systems security program; (ii) in three instances, to follow its procedures for handling and resolving customer complaints; and (iii) as a result of the foregoing, to diligently supervise its business and employees. Under the terms of the Offer, OANDA, without admitting or denying the allegations in the Complaint, consented to findings that it had violated NFA Financial Requirements Section 13 and NFA Compliance Rule 2-36 and agreed to pay a fine of $200,000.

On August 21, 2020, the Commodity Futures Trading Commission issued an order filing and settling charges (the “Order”) against OANDA Corporation (“OANDA”). The summary of the Order provides: "In or around October 2018 and during the period April 2019 to August 2019, the CFTC OANDA failed at times to meet certain financial requirements applicable to futures commission merchants (“FCMs”) offering or engaging in retail foreign currency transactions and/or retail foreign exchange dealers (“RFEDs”): (1) OANDA failed to meet minimum capital requirements from April 26, 2019 to August 21, 2019 and (2) OANDA made dividend payments on October 15, 2018, April 26, 2019, and May 28, 2019 in violation of the equity withdrawal restriction. In addition, OANDA violated certain reporting requirements related to its violations of these financial requirements. The Commission’s Division of Enforcement has found no indication that customers suffered any losses as a result of OANDA’s net capital and equity withdrawal restriction violations. OANDA did not maintain adequate internal controls with respect to these financial and reporting requirements; consequently, the firm failed to diligently supervise these matters related to its business as a Commission registrant. In accepting OANDA’s offer of settlement, the Commission recognizes OANDA’s cooperation in the investigation of this matter."

More information can be found through the NFA BASIC system at https://www.nfa.futures.org/basicnet/

Adjusted net capital, net capital and excess net capital

^ The capital figures for these months were amended. The displayed figures represent the amended filings and not the original filings.

Statement of Financial Condition (PDF)

Customer Liability