About OANDA:

Founded in 1996, OANDA is one of the world's leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe. With regulated entities in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo, the British Virgin Islands and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. Depending on geographical location, these may include derivatives of FX, equity indices, shares, commodities, treasuries, precious metals, and cryptocurrencies.

Actively executing and managing derivatives and leveraged products across global jurisdictions (EMIR, MiFIR, CFTC, Canada, ASIC and MAS)

The Challenge:

OANDA experienced challenges with derivatives trade reporting across jurisdictions:

  • Limited visibility on issues

  • Limited visibility on transformation and processing logic

  • Inefficient new product set up and workflow changes

  • Reporting platform separate from the trade repositories

OANDA sought a reporting infrastructure that could:

  • Consolidate reporting platform and trade repositories onto one platform

  • Provide real-time access to data processing and statuses

  • Empower the ability to implement and own change

  • Offer scalable automation and future-proof compliance

Why KOR?

Key Factors Influencing Selection:

  • Modern Infrastructure:

    • 100% cloud architecture providing real-time data visibility and automation

  • Regulatory Expertise:

    • Deep understanding of regulations and upcoming changes

  • Transparency & Control:

    • No code visual mapping of all data management and processing rules for extreme transparency

    • Self-service capabilities in all areas of the platform

    • Dashboard tools giving compliance teams full audit trails and exception management

  • Cost Efficiency:

    • Consolidated reporting platform reducing overall costs

  • Streamlined Onboarding:

    • API-first design enabled faster integration with existing trade capture and data supply systems

Implementation, Jurisdiction by Jurisdiction:

  • ASIC: A 12-week implementation covering ingestion, mapping, validation setup, UAT, and production cutover.

  • MAS: A rapid follow-on deployment completed in under two weeks, supported by extensive reuse of ASIC configurations and shared data pipelines.

  • Canada: A subsequent four-week extension building on the established framework with minimal incremental effort.

  • CFTC: Final deployment requiring only light additional configuration, enabled by the existing multi-jurisdiction foundations.

The Results:

  • Significant reduction in rejection rates, driven by improved validation accuracy and automated exception handling.

  • Improved data quality through enhanced controls and consistent upstream data standardization.

  • Lower overall exception volumes, supported by clearer data lineage, stronger quality checks, and unified reconciliation dashboards.

  • The client continues to benefit from a scalable, multi-jurisdiction reporting platform with the flexibility to onboard additional regulatory regimes with minimal incremental effort.

Rav Saidha, Deputy CTO, OANDA:

KOR quickly established confidence as our vendor, said Rav Saidha Deputy Chief Transformation Officer. Their depth of domain knowledge was inspirational to see and seeing how their platform had grown to become what it is today really sets it apart from others as a one stop shop. Since going live, we can make our only ad hoc changes within a few clicks, and we have complete transparency on our processing and reconciliations. Looking forward to future product rollouts to the platform as each one makes our lives that little bit better!