OANDA, a leading online multi-asset trading services provider, announced today that it has completed the acquisition of the Polish broker, Dom Maklerski TMS Brokers SA (TMS). The company announced the acquisition of TMS in September 2020.
According to the official announcement, TMS is the oldest multi-asset broker in Poland and the recent acquisition represents OANDA’s second investment in Poland in the last year. OANDA established a shared services center in Krakow in 2020.
TMS is currently offering various financial services and enabling clients to access thousands of financial products including currencies, indices, commodities, equities, cryptocurrencies and exchange-traded funds from the world’s major exchanges. Additionally, the Polish broker is providing several innovative trading tools and educational resources to the clients.
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Commenting on the latest announcement, Gavin Bambury, Chief Executive Officer at OANDA, 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.”
OANDA received approval from the Polish regulators for the acquisition of TMS Brokers earlier this month. Polish Financial Supervision Authority gave unconditional approval to the deal.
OANDA is planning to expand its presence in Poland with the latest strategic acquisition. The company has expanded its services in recent months. Finance Magnates earlier reported about OANDA’s partnership with B2B embedded cross-border solutions provider, Currencycloud for its new international money transfer service to companies in North America.
“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,” Marcin Niewiadomski, CEO of TMS mentioned in the official press release.