just now
March 23, 2021 - Multi-asset trading services, currency data and analytics provider OANDA Global Corporation has received regulatory approval to complete the acquisition of Polish broker, Dom Maklerski TMS Brokers SA (TMS). The purchase was approved by the Polish Financial Supervision Authority earlier today.
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.
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.
