Are Australians doing forex transactions?

At a simple level, Australians who exchange their dollars for a foreign currency at a money exchange, bank, post office or travel agent before heading off on holiday abroad are carrying out forex transactions. Forex traders do a similar thing, but on a grander, much more complex (and riskier) scale.

Who started OzForex?

OzForex was started by Matthew Gilmour in 1998 while working as the head of foreign exchange at Bankers Trust. Controlling interest in the company was sold to Australian investment bank Macquarie Group in 2007 and partial interest to other investors in 2010. Founder Matthew Gilmour launched OzForex in 1998 in Sydney, Australia.

Who owns OzForex?

In 2003, the company obtained an Australian Financial Services License. In 2004, Gilmour sold part of OzForex to Gary Lord, an ex BT colleague, and in 2005 sold again so that both were equal shareholders, and they became Joint MD's.