OANDA is one of the fastest-growing brokers in the industry and they keep the wheel spinning. The latest move of the company was the acquisition of Dom Maklerski TMS Brokers SA, aka TMS Brokers. The legal process was waited by the market and Polis regulators have approved the takeover according to the last reports.
The news release has been confirmed by the Canada-based brokerage business and the deal has been unconditionally closed.
The dominance of OANDA in North America was commonly known and it seems like the company decided to expand its businesses through different parts of the world.
TMS Broker is in the market for over 20 years and becomes the second-largest Polish brokerage recently. Polish Financial Supervision Authority (KNF) is the regulatory organ that gives permission to the company to operate in the European Union.
Gavin Bambury, Chief Executive Officer of OANDA said: “We’re delighted to have received regulatory approval for the acquisition of TMS Brokers. With the purchase now approved, we’re looking forward to closing the deal and beginning work on the integration of our technology infrastructure, key tools and trading resources in order to deliver the best possible trading experience to OANDA and TMS clients alike.”
The first news release about this acquisition was in September 2020. The takeover can be interpreted as the first step of further deals. Over the next couple of years, we may see that OANDA completed more deals to take over different companies to have a word in the different parts of the world.
OANDA currently has offices in Europe, Toronto and the Asia Pacific region. What the company has specialized in is the FX services, such as FX trading platform, currency information services to different segments of the investors and so on.
Especially the UK leaves the European Union, the brokers operating in North America was searching for new European regions to continue to exist in the continent. OANDA has found the solution in Poland and we are waiting for more brokerage businesses to come.
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