Following the approval of the Polish Financial Supervision Authority, OANDA has completed the acquisition of the TMS Brokers.
March 30, 2021 | AtoZ Markets – Canada based Retail FX brokerage firm OANDA Global Corporation, Tuesday announced it has completed its acquisition of leading Polish broker, Dom Maklerski TMS Brokers SA (TMS). The purchase was approved by the Polish Financial Supervision Authority earlier this week.
Back in September 2020, OANDA announced entering into an agreement to acquire 100% of the shares of TMS.
Commenting on the acquisition, Chief Executive Officer of OANDA,Gavin Bambury said,
"The TMS acquisition marks the start of an exciting new era of growth for OANDA, creating scale in the Polish market while allowing us to further extend our footprint throughout the Baltics and Eastern Europe. In addition, the purchase will also enable us to strengthen our end-to-end offering, benefiting clients all over the world. We're very much looking forward to welcoming the TMS team to OANDA."
"Backed by a world-class brand and a legacy of integrity, OANDA has long combined a passion for innovation with ground-breaking technology in order to deliver an exemplary online trading experience for clients all over the world. As such, we're delighted to be joining the OANDA family at such an exciting time in the firm's 25-year history," said TMS CEO, Marcin Niewiadomski.
The oldest multi-asset broker in Poland, TMS enables clients to invest in the global financial markets, providing access to thousands of products including currencies, indices, commodities, equities, cryptocurrencies and exchange-traded funds from the world's major exchanges. In addition, the firm provides clients with access to experienced advisors, reliable education and innovative trading tools, earning several key awards over the years.
TMS Acquisition Represents OANDA's Second Poland Investment
Meanwhile, OANDA combines cutting-edge trading technology and institutional-grade execution across a wide range of asset classes, enabling clients to trade global market indices, commodities, treasuries, precious metals and currencies on one of the fastest trading platforms in the market. The firm, founded in 1996, remains committed to helping clients become successful self-directed traders, providing an award-winning education program, up-to-the-minute market commentary and a host of advanced charting applications and trading tools.
"I am convinced that TMS, with its strong position in Poland and a deep product and service offering, will fit perfectly well in the global technology-driven OANDA Group and wish the management of OANDA and TMS all the best in their common growth journey," said Artur Haze, Managing Partner of ForeVest Capital.
The TMS acquisition represents OANDA's second investment in Poland in the last year. In early 2020, the firm established a shared services centre in Kraków that currently employs almost 100 people.
Bambury continued, "Part of an ambitious growth plan, the TMS deal is just the first in a number of strategic acquisitions we're looking to complete as we continue to strengthen our reputation as one of the world's most trusted retail trading firms in the coming years."
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