Established in 1998 with the aim of providing clients with a better deal, there are OFX offices in Sydney, Toronto, San Francisco, London, Hong Kong, and Auckland. OFX technology also powers international money transfer services of Travelex, MoneyGram, ING Direct, Macquarie International Money Transfers and other international financial institutions. OFX is also integrated with cloud accounting software providers Xero and Saasu, enabling users to pay foreign currency invoices at great rates in a simple and easy way. OFX's extensive network of global banking partners help save on banking fees and deliver transfers quicker than most banks. A combination of knowledge and expertise has made the OFX a significant player in the global foreign exchange marketplace, and one of the world's leading online money transfer provider. Its parent company, OzForex Group Limited, is a publicly listed entity with shares traded on the Australian Stock Exchange under the code "OFX".