Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, March 30 2021 - 19:05
AsiaNet
OANDA completes acquisition of TMS Brokers
LONDON, March 30, 2021 /PRNewswire-AsiaNet/ --

A global leader in online multi-asset trading services, currency data and 
analytics, OANDA[http://www.oanda.com/] Global Corporation 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.

Gavin Bambury, Chief Executive Officer of 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."

"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 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.

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 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."

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free 
of charge on the Internet, launching an FX trading platform that helped pioneer 
the development of web-based currency trading five years later. Today, the 
group 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 eight of the world's most active financial 
markets, OANDA remains dedicated to transforming the business of foreign 
exchange. 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 has 
provided service to thousands of Polish and European customers offering trading 
on FX, CFDs on indices, single stocks and commodities with MT4/MT5 platforms 
and an innovative proprietary mobile app. The firm's 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. TMS Brokers is wholly-owned by OANDA Global 
Corporation. 

About ForeVest 

ForeVest has invested over USD1.2 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, specialising in control investments in 
promising mid-market companies. ForeVest has offices in Warsaw, Bucharest and 
New York. 


SOURCE OANDA
Translations

Japanese