OANDA enters into Agreement to acquire Dom Maklerski TMS Brokers S.A.

1 September, 2020 - OANDA Global Corporation has entered into an Agreement to acquire 100% of the shares of a leading Poland-based multi-asset class broker, Dom Maklerski TMS Brokers S.A. (‘TMS’). The deal is subject to regulatory approval.

A leading broker in the Polish FX and CFD market, TMS has earned a strong reputation for product innovation and client service since it was first established more than 20 years ago. The business is regulated by the Polish Financial Supervision Authority (KNF), giving TMS access to markets in the European Union.

Gavin Bambury, CEO of OANDA, said, “We are delighted with the deal and I’d like to personally welcome all the TMS team to OANDA. Europe remains a key strategic priority for our business. The acquisition of TMS gives OANDA a significant presence in a key European market and a base to grow across the Baltic countries, complementing our already well-established, successful operations throughout Western Europe.”

Marcin Niewiadomski, CEO of TMS, said, “We are delighted to become a part of such a strong group with a solid capital base and worldwide presence. We believe that through this transaction, TMS will strengthen its position in Poland and the Baltic States, delivering access to new products, modern technology and investment opportunities on the global markets to our current and prospective clients.”

Artur Haze, Managing Partner of ForeVest Capital, said, “During our time managing TMS, the firm built a solid client base throughout Poland and the Baltics, while also developing deep-seated technological expertise. As such, I believe there is a strong strategic fit between TMS and OANDA. I am very pleased the firm will be able to continue on its current growth path as part of a leading global brokerage.”

According to today's press release from OANDA, "TMS is the first in a number of strategic acquisitions OANDA is looking to complete over the next two years."

TMS Brokers is the oldest multi-asset broker in Poland. Operating since 1997, TMS provides brokerage service to thousands of Polish and European customers offering trading on FX, CFDs on indices, cryptocurrencies, single stocks and commodities with MT4/MT5 platforms and a proprietary mobile app.