Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, September 01 2020 - 22:00
AsiaNet
OANDA Global Corporation enters into Agreement to acquire Dom Maklerski TMS Brokers S.A.
LONDON, Sept. 1, 2020/PRNewswire-AsiaNet/--

OANDA Global Corporation(https://www.oanda.com/)('OANDA'), a global leader in 
online multi-asset trading services, currency data and analytics; 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."

TMS is the first in a number of strategic acquisitions OANDA is looking to 
complete over the next two years. Under Bambury's leadership, the firm has 
undergone a transformative change in its operational configuration, widening 
its product offering and increasing its marketing investment in order to drive 
scalable, sustainable growth.

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free 
of charge on the Internet, launching an OANDA FX trading platform that helped 
pioneer the development of web-based currency trading five years later. Today, 
the firm provides online multi-asset trading, currency data and analytics to 
retail and corporate clients, demonstrating an unrivalled expertise in foreign 
exchange. With regulated entities in seven of the world's most active financial 
markets, OANDA remains dedicated to transforming the business of foreign 
exchange. OANDA is owned by CVC Capital Partners, a leading private equity and 
investment advisory firm.  For more information, please visit 
oanda.com(http://www.oanda.com/) or follow us on 
Twitter(https://twitter.com/OANDA), Facebook(https://www.facebook.com/OANDAfx) 
or YouTube(http://www.youtube.com/user/oanda).  

About TMS

TMS Brokers is the oldest multi-asset broker in Poland. Since 1997, TMS 
provides 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 an innovative proprietary mobile app. TMS' multiple 
award-winning team helps individuals and companies with all currency and 
equities related services that include advisory and analysis, money exchange 
and licensed digital payment solutions (PSD).

About ForeVest

ForeVest has invested over USD 1.2 billion in investments in CEE and manages 
over USD 200 million in other assets in emerging markets. The team has 
completed more than 20 transactions and will continue to seek to partner with 
entrepreneurs and management teams, specializing in control investments in 
promising mid-market companies. ForeVest has offices in Warsaw, Bucharest and 
New York.

SOURCE  OANDA
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