$100-Million Investment in OANDA Corporation Recognizes Growth Potential in the Frenetic World of Forex.

NEW YORK & TORONTO & ZURICH, Switzerland -- OANDA Corporation, well known for pioneering Internet-based forex trading and a global leader in currency information services, announces today that a consortium of investors has invested $100 million in the company's Series B round of venture capital funding.

The consortium is led by New Enterprise Associates (NEA) and includes Legg Mason, Cascade Investment LLC, and T. Rowe Price. They join existing investor Index Ventures, which led the company's $17-million Series A investment in September 2005. "This investment is important to OANDA, not only as a vote of confidence in the way we do business, but because the additional capital solidifies our ability to serve corporate and institutional clients," said Michael Stumm, CEO and co-founder of OANDA Corporation.

OANDA successfully redefined the business model and the practice of currency trading with the release of FXTrade, which challenged the way old-line forex brokers had traditionally served currency traders. OANDA has made it possible for investors to take advantage of tight spreads, more flexible trade sizes, continuous interest, and true straight-through processing (STP) -- important features that previously were not uniformly available to all investors. "From the outset one of our most important goals was to democratize the forex market. We will use our new capital to continue that pursuit as we develop new products and services in this emerging marketplace," added Richard Olsen, who co-founded OANDA with Stumm in 1996.

Krishna Kolluri, a general partner at New Enterprise Associates who will join the OANDA board of directors, explained that "OANDA's trading platform is technologically the most sophisticated in the industry and was a big reason for our investment. It is OANDA's use of that technology to redefine currency trading that separates it from its competition. We look forward to a long and successful relationship with this outstanding team."

About OANDA

OANDA Corporation is a trendsetter in Internet-based currency trading and a globally recognized provider of currency localization and information services. Possessing one of the world's largest and most accurate databases of currency prices, OANDA was the first to offer a broad range of currency exchange-rate information free of charge over the Web in 1995. Today it handles more than a million queries a day. OANDA became an Internet-based business-to-business application service provider (ASP) in 1997 and currently services over 75,000 ASP clients around the world.

With its launch of FXTrade in 2001, OANDA was one of the first companies to offer fully automated online currency trading. The OANDA FXTrade system provides retail and institutional clients a state-of-the-art platform that enables competitive, real-time access to the foreign exchange market. To date, more than 275,000,000 trades have been executed over the FXTrade platform. For more information about OANDA and its services, please visit www.oanda.com.

OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).