OANDA CORPORATION

1 Parent Company Only Statement of Financial Condition (Expressed in dollars) OANDA CORPORATION Year ended December 31, 2016 KPMG LLP Bay Adelaide Centre Telephone (416) 777-8500 Suite 4600 Fax (416) 777-8818 333 Bay Street Toronto, ON M5H 2S5 KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity.

2 KPMG Canada provides services to KPMG LLP. Report of Independent Registered Public Accounting Firm The Board of Directors OANDA CORPORATION : We have audited the accompanying statement of financial condition of OANDA CORPORATION (Parent Company Only) as of December 31, 2016 ( the financial statement ). The financial statement is the responsibility of the Company s management. Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States) and in accordance with auditing standards generally accepted in the United States of America.

3 Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

4 In our opinion, the financial statement referred to above presents fairly, in all material respects, the financial position of OANDA CORPORATION (Parent Company Only) as of December 31, 2016, in conformity with generally accepted accounting principles. Chartered Professional Accountants, Licensed Public Accountants March 6, 2017 Toronto, Canada 1 OANDA CORPORATION Parent Company Only Statement of Financial Condition (Expressed in dollars) December 31, 2016 2016 Assets Cash and cash equivalents (note 3) $ 249,074,084 Due from related parties (note 10) 12,049,358 Property and equipment, net (note 6) 1,278,573 Accounts receivable 1,849,411 Intangible assets (note 7)

5 779,641 Income taxes receivable 43,904 Due from broker (notes 4 and 5) 3,508,794 Other assets 1,848,652 Investment in subsidiaries 14,670,219 Total Assets $ 285,102,636 Liabilities and Stockholder s Equity Liabilities: Amounts due to customers (note 3) $ 153,718,641 Due to related parties (note 10) 17,395,289 Accounts payable and accrued expenses 2,635,552 Deferred revenue 3,218,855 Due to broker (notes 4 and 5) 452,599 Deferred lease inducement 9,519 $ 177,430,455 Stockholder s equity: Common stock 10 ($ par value, 1,000 shares, authorized, issued and outstanding) Additional paid-in capital 54,802,055 Retained earnings 52,870,116 $ 107,672,181 Total Liabilities and Stockholder s Equity $ 285,102,636 See accompanying notes, which are an integral part of the parent company only statement of financial condition.

6 OANDA CORPORATION Notes to Parent Company Only Statement of Financial Condition (Expressed in dollars) Year ended December 31, 2016 2 1. Nature of business: OANDA CORPORATION (the "Company"), a Delaware CORPORATION incorporated on November 14, 1996, is a global provider of innovative foreign exchange trading services. The Company's principal business activities are online foreign exchange trading, exchange rate subscription services, and licensing of its trading software. The Company is a registered Futures Commission Merchant with the Commodity Futures Trading Commission and a member of the National Futures Association.

7 On October 1, 2015, the Company adopted a holding company form of organizational structure, with OANDA Global CORPORATION ( OGC ), a Delaware CORPORATION , serving as the new parent of OANDA CORPORATION . The Company, OGC and merger subsidiary entered into a Merger agreement for the purpose of effecting the holding company reorganization. The merger subsidiary merged with and into the Company, with the Company being the surviving entity. As a result of the reorganization, each share of common stock of the Company that was issued and outstanding, as well as related stock options and warrants, immediately prior to the reorganization was converted into one share of common stock, stock option or warrant of OGC.

8 On January 1, 2016, the Company transferred to OGC 100% of the ownership in all of its subsidiaries except for OANDA (Canada) CORPORATION ULC, OANDA India Private Limited, OANDA Hong Kong Ltd. and Currensee Global Inc. This included the transfers of OANDA Asia Pacific Pte Ltd, OANDA Japan Inc., OANDA Australia Pty Ltd, and OANDA Europe Ltd. The transfer of ownership in these entities was for nil consideration and resulted in nil gain or loss due to the entities being under common control.

9 The subsidiaries not transferred remain wholly owned subsidiaries of the Company. The Company s principal sources of revenues are as follows: (a) Foreign exchange trading: The Company provides online margin trading focused primarily on over-the-counter foreign exchange trading for speculative or investment purposes. Trading is conducted through the Company's proprietary trading platform, a fully automated trading platform in which the Company plays the role of market-maker. Customers are required to post collateral to support their trading on margin.

10 The Company economically hedges its exposure with major financial institutions, as considered appropriate, to unmatched trades in foreign exchange to ensure that it is not unacceptably exposed to material losses. OANDA CORPORATION Notes to Parent Company Only Statement of Financial Condition (Expressed in dollars) Year ended December 31, 2016 3 1. Nature of business (continued): The Company s subsidiaries and affiliates have the ability to hedge their client positions with the Company. If the subsidiary or affiliate hedges their customer trading positions with the Company, a hedging realized and unrealized gain or loss is recognized on the trade.