Regulator greenlights OANDA acquisition of TMS Brokers
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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