OANDA Announces Winners of Annual Student Forex Trading Contest

AsiaNet 51305

SINGAPORE, Nov. 8, 2012 /PRN=KYODO JBN/ --

-- Leading broker's fxUni trader education programme enables thousands of

students across APAC to experience trading in real-market conditions

    OANDA Asia Pacific, provider of innovative online foreign exchange trading

and a trusted source of currency data, has announced the winners of the third

annual OANDA fxUni ( http://fxuni.oanda.com/ ) Contest. The trading contest is

the culmination of fxUni, a foreign exchange education programme for tertiary

students in Singapore, Hong Kong, Japan, and Australia.

    Tan Jun Kiat, who is a student at the Nanyang Technological University in

Singapore, won the two-week long contest with an impressive portfolio return of

60.62% and was awarded the first prize of SGD $3,500. Robert Baskin of the

University of New South Wales in Australia won the second prize of SGD$2,500,

followed closely by Tan Wee Kiat of Singapore Management University who won the

third prize of SGD$ 1,250.

    Nearly 1,000 students from polytechnics and universities across the four

participating countries competed in the contest, where they traded virtual

currency under real market conditions using OANDA demo trading accounts (

http://www.oanda.sg/trade-forex/demo/ ). One of the contest winners, Mr. Tomoki

Fujita who came in 7th in the competition, said, "It was very exciting to be

able to compete my trading skills with so many foreign university students. I

would like to thank OANDA for giving me this wonderful opportunity."

    OANDA fxUni is a two-month programme that includes a series of training

webinars and a curriculum of learning materials to educate participants on

trading foreign exchange. The goal of the programme is to nurture the next

generation of forex traders by introducing students to this emerging asset

class.

    In addition to the individual prizes, OANDA also awarded SGD$500 to the

Investment Clubs of the universities with the highest number of participants in

each country.

    One of the members of TOWALY, Hitotsubashi University's investment club,

Mr. Kazuma Takakuwa said, "Competing with students around the world was an

exhilarating experience for all TOWALY members. We enjoyed the opportunity to

learn forex trading and we were very impressed with OANDA's trading interface."

    OANDA will present the awards and certificates to the fxUni winners on

November 12, 2012.

    About OANDA fxUni 2012

    OANDA fxUni ( http://fxuni.oanda.com/ ) aims to nurture the next generation

of FX investors. The programme equips students with the tools and knowledge to

effectively manage an FX portfolio while exposing them to the dynamic world of

FX trading. The fxUni contest attracted students from 58 universities and

polytechnics in Hong Kong, Australia, Japan, and Singapore. Participating

schools included Nanyang Technological University, University of New South

Wales, National University of Singapore, Singapore Management University, Osaka

University, Chinese University of Hong Kong, and Hitotsubashi University among

many others.

    About OANDA

    OANDA Corporation has transformed the business of foreign exchange through

an innovative approach to forex trading ( http://www.oanda.sg/ ). The company's

leading online trading platform, fxTrade, introduced a number of firsts to the

marketplace, including immediate execution; instant settlement on trades;

trades of any size between one unit and 10 million units; and interest

calculated by the second. OANDA was the first online provider of comprehensive

currency exchange ( http://www.oanda.com/ ) information, and today the

company's OANDA Rate(R) data are the benchmark rates for corporations, tax

authorities, auditing firms, and central banks.

    OANDA Corporation has seven offices worldwide, in Chicago, London, New

York, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the

U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures

Association (NFA), the Monetary Authority of Singapore (MAS), the Investment

Industry Regulatory Organization of Canada (IIROC), the UK Financial Services

Authority (FSA), and the Japanese Financial Services Agency (FSA).

    SOURCE: OANDA Corporation