OANDA Acquires Polish Brokerage TMS
- The company did not reveal any financial details of the deal.
OANDA Global Corporation, a retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokerage, announced today that it has agreed to acquire a 100 percent share of Polish broker, Dom Maklerski TMS Brokers S.A., popularly known as TMS Brokers.
With this deal, OANDA is planning to strengthen its services in the European market, especially in the Baltic countries.
“Europe remains a key strategic priority for our business,” Gavin Bambury, CEO of OANDA, said in a statement. “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term 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.”
Established in 1997, TMS is the oldest and second-largest local Polish brokerage and is regulated under the Polish Financial Supervision Authority (KNF).
OANDA purchased the brokerage from ForeVest Capital, which acquired controlling stakes of the Polish brokerage in 2011. The approval for the deal is currently pending with the regulator.
“During our time managing TMS, the firm built a solid client base throughout Poland and the Baltics, while also developing deep-seated technological expertise,” ForeVest Capital managing partner, Artur Haze said. “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.”
More Acquisitions in the Pipeline
OANDA also revealed that the company is expecting to close more such deals over the next couple of years. It highlighted the changes in the operational configuration by expanding products and increasing market investment under the leadership of Bambury, who joined the company in August 2019.
“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,” Marcin Niewiadomski, CEO of TMS, added.
OANDA Global Corporation, a retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokerage, announced today that it has agreed to acquire a 100 percent share of Polish broker, Dom Maklerski TMS Brokers S.A., popularly known as TMS Brokers.
With this deal, OANDA is planning to strengthen its services in the European market, especially in the Baltic countries.
“Europe remains a key strategic priority for our business,” Gavin Bambury, CEO of OANDA, said in a statement. “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term 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.”
Established in 1997, TMS is the oldest and second-largest local Polish brokerage and is regulated under the Polish Financial Supervision Authority (KNF).
OANDA purchased the brokerage from ForeVest Capital, which acquired controlling stakes of the Polish brokerage in 2011. The approval for the deal is currently pending with the regulator.
“During our time managing TMS, the firm built a solid client base throughout Poland and the Baltics, while also developing deep-seated technological expertise,” ForeVest Capital managing partner, Artur Haze said. “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.”
More Acquisitions in the Pipeline
OANDA also revealed that the company is expecting to close more such deals over the next couple of years. It highlighted the changes in the operational configuration by expanding products and increasing market investment under the leadership of Bambury, who joined the company in August 2019.
“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,” Marcin Niewiadomski, CEO of TMS, added.