The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Stock image of Canadian and Euro currency pair, commonly used in forex trading, with calculator.
Stock image of Canadian and Euro currency pair, commonly used in forex trading, with calculator.
(Jonathan Lim Yong Hian/Getty Images)

Oanda’s new CEO navigates volatile currency markets

Homegrown retail foreign exchange (forex) trading firm Oanda Corp. has a new leader and new plans to grow its slice of the world’s $5.3-trillion daily currency market.

Ed Eger is only 35 days into his job as CEO at Oanda, but the former PayPal and Citigroup Inc. executive has already identified his areas of focus: to build a larger consumer base and bring faster technology to the private firm. Toronto-based Oanda wants to level the playing field between retail forex customers and the institutions that have traditionally been afforded better rates, spreads and service.