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Oanda Replaces Its CFO. Racing Towards An IPO?

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FX, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK

New CEO K Duker's changes continue, in a likely march toward an IPO.

Oanda logoLeapRate Exclusive.... LeapRate has learned that Oanda's longtime CFO, Toronto-based Nooshin Mohtashami, has left the company. Mohtashami was CFO at Oanda for the past 10 years, and at times held certain other roles including COO, Head of Online Sales, and Head of Customer Service.

This seems to us like the next step new Oanda CEO K Duker is taking in putting his stamp on the company and, we speculate, in preparing Oanda to go public. Oanda recently suspended weekend trading -- it was the only major online FX broker doing so -- in an attempt, we believe, to lower risk and make itself more appealing to public market investors.

For more details see LeapRate's Forex Industry News at leaprate.com.

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Stocks: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FX, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM