Clients of OANDA Japan experience problems with EUR/JPY trading

Maria Nikolova

Trading in EUR/JPY via the Tokyo server was impossible for nearly three hours this morning.

Clients of online trading services provider OANDA Japan have experienced issues with trading EUR/JPY this morning.

In a notice on its website, the brokerage today confirmed that there have been problems with EUR/JPY rate delivery on the Tokyo server. NY server operations were not affected.

The problems, which prevented clients of the brokerage from trading EUR/JPY, lasted from 05:39 to 08:28 (local time) on June 13, 2019, the company said. The issues have now been resolved.

OANDA apologized for the inconvenience caused to its customers but did not elaborate on the causes for the problems.

It has been a while since clients of the brokerage experienced trading issues. On November 13, 2018, tech issues with the NY server prevented traders from logging in and conducting transactions for several hours. About a week earlier, tech issues affected the Tokyo server. From 7:00 to 08:01 on November 5, 2018, traders could not place orders and conduct transactions via this server.

Similar issues have occurred in the end of October, when OANDA Japan’s FX service was also affected by tech issues. On October 24, 2018, traders could not log in to the platform and could not conduct trades for about an hour. The broker managed to restore the service.

On the brighter side, the brokerage is also bolstering its services. In May this year, OANDA Japan said that clients who own NY Server trade accounts will be able to open a higher number of sub-accounts. Effective May 10, 2019, the maximum number of additional accounts one can up became 10 accounts (11, if the primary account is included).

Read this next

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

Industry News

Interactive Brokers pays unmatched interest up to USD 4.33% on cash balances over $10,000

For clients of Interactive Brokers, interest accrues daily, and payments are posted on a monthly basis. Interactive Brokers’ cash management is integrated into client broker accounts, making it simple to earn interest and borrow at the lowest rates without transferring cash.

Retail FX

FP Markets adds cTrader to roster of trading platforms that include MT4, MT5, Iress

“Our market share swings towards the more sophisticated segment of traders and we have been inundated with requests for an additional platform with more institutional-style characteristics. The addition of the cTrader trading platform offering allows our clients the choice to further shape their trading experience with us.”

Digital Assets

SEC mulls lawsuit against Coinbase’s staking and spot trading

Shares in Coinbase fell 15 percent after the US Securities and Exchange Commission threatened a potential enforcement action against the crypto exchange over certain products.

<