WASHINGTON, DC – October 8, 2020 – Monex, a market-leading provider of foreign exchange (FX) payments and risk management solutions, has partnered with OANDA, a global leader in online multi-asset trading services, currency data, and analytics, to offer corporate FX payments in the US in support of OANDA’s new business unit, FX Data Services.
This partnership brings together more than 40 combined years of currency market expertise across all industries. Monex will also add its leading digital payments platform backed by its Bloomberg-ranked trading team to OANDA’s mission to provide industry-leading and credible FX data as part of their US partner network.
For over 20 years, Monex has delivered innovative, tailored currency and payment solutions designed to mitigate foreign exchange exposure and address unique business needs.
“We are honored to provide our leading cross-border payment solutions and more than 20 years of trusted market expertise to OANDA’s partner network. Some of our valued clients have been with Monex for over two decades—we are committed to delivering FX excellence to OANDA’s client base,” said JP Carriedo, CEO of Monex. “Like OANDA, we are focused on being at the forefront of the payments space with innovative technologies and ongoing enhancements to our digital tools while keeping the global payments process simple for clients.”
Lucian Lauerman, Head of OANDA FX Data Services, commented, “We are delighted to be working with one of the most trusted names in the business to offer our corporate clients a fast, reliable payments solution. This partnership brings together two of the financial industry’s most influential providers of foreign exchange and fund transfer services at a time when corporate payments are increasingly being executed across borders and in multiple currencies.”
Press Release
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About Monex: Since 1999, Monex has provided corporate clients with industry-leading foreign exchange, risk management, and international payment solutions. We operate in the US as Monex and in the UK as Monex Europe, all part of the global Monex group, one of the world’s largest commercial foreign exchange providers. Based in Washington, DC, and together with its global affiliates, Monex has leveraged a combined annual FX volume over $198 billion to help more than 60,000 clients from a broad range of industries successfully navigate the global currency markets and market fluctuations.
About OANDA: Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the firm provides online multi-asset trading, currency data, and analytics to retail and corporate clients, demonstrating unrivaled expertise in foreign exchange. With regulated entities in seven of the world’s most active financial markets, OANDA remains dedicated to transforming the business of foreign exchange. For more information, please visit oanda.com.
