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, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform.

  • OANDA actively executes and manages 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 setup and workflow changes

OANDA sought a reporting infrastructure that could:

  • Give visibility into data mappings and transformation lineage that is easily understood

  • 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:

  • Consolidating their capabilities with a vendor that operated both a Reporting service and regulated Trade Repository all under one platform

  • 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 Integration: 

    • Single data supply into one common integration for reporting to all jurisdictions.

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 CTrO, 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 own 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!"