retail-trading
(3)
OANDA made the exchange rate everyone’s business
A free currency converter became a trading business and a fixture in corporate finance. OANDA’s story turns on a deceptively simple idea: the same price can do two very different jobs.
Trading.com makes trading simpler. The market stays complicated.
One account, fewer decisions, and a name nobody needs explained. Trading.com’s real test is how much complexity a broker can remove before the market puts it back.
Kalshi
Kalshi is a New York-based, CFTC-regulated financial exchange where people trade contracts on the outcomes of real-world events - elections, economic data, sports, weather, corporate events and culture. Founded in 2018 by MIT classmates and former quant traders Tarek Mansour and Luana Lopes Lara, it became the first U.S. exchange federally approved to list event contracts. By 2026 it accounts for the large majority of U.S. prediction-market activity, has raised roughly $2.6 billion across its rounds, and was valued at $22 billion after a $1 billion Series F.