Regulator greenlights OANDA acquisition of TMS Brokers

OANDA

PR88285

 

LONDON, March 24, 2021 /PRNewswire=KYODO JBN/ --

 

A global leader in online multi-asset trading services, currency data and

analytics, OANDA[http://www.oanda.com/] Global Corporation has received

regulatory approval to complete the acquisition of leading Polish broker, Dom

Maklerski TMS Brokers SA (TMS). The purchase was approved by the Polish

Financial Supervision Authority earlier today.

 

Gavin Bambury, Chief Executive Officer of OANDA, said, "We're delighted to have

received regulatory approval for the acquisition of TMS Brokers. With the

purchase now approved, we're looking forward to closing the deal and beginning

work on the integration of our technology infrastructure, key tools and trading

resources in order to deliver the best possible trading experience to OANDA and

TMS clients alike."

 

OANDA first entered into an agreement to acquire 100% of the shares of TMS

Brokers in September 2020. The deal marks the first in a series of strategic

acquisitions OANDA is looking to complete in the coming years.

 

About OANDA

 

Founded in 1996, OANDA was the first company to share exchange rate data free

of charge on the Internet, launching an FX trading platform that helped pioneer

the development of web-based currency trading five years later. Today, the

group provides online multi-asset trading, currency data and analytics to

retail and corporate clients, demonstrating an unrivalled expertise in foreign

exchange. With regulated entities in eight of the world's most active financial

markets, OANDA remains dedicated to transforming the business of foreign

exchange. For more information, please visit oanda.com[http://www.oanda.com/]

or follow us on Twitter[https://twitter.com/OANDA],

Facebook[https://www.facebook.com/OANDAfx] or

YouTube[http://www.youtube.com/user/oanda].

 

About TMS

 

TMS Brokers is the oldest multi-asset broker in Poland. Since 1997, TMS has

provided service to thousands of Polish and European customers offering trading

on FX, CFDs on indices, single stocks and commodities with MT4/MT5 platforms

and an innovative proprietary mobile app. The firm's multiple-award-winning

team helps individuals and companies with all currency and equities related

services that include advisory and analysis, money exchange and licensed

digital payment solutions.

 

SOURCE: OANDA

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