Regulator greenlights OANDA acquisition of TMS Brokers

Subscribe to our Telegram channel to get a daily dose of business and lifestyle news from NHA – News Hub Asia!

A global leader in online multi-asset trading services, currency data and analytics, OANDA Global Corporation has received regulatory approval to complete the acquisition of leading Polish broker, Dom Maklerski TMS Brokers SA (TMS). The purchase was approved by the Polish Financial Supervision Authority earlier today.

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.”

OANDA first entered into an agreement to acquire 100% of the shares of TMS Brokers in September 2020. The deal marks the first in a series of strategic acquisitions OANDA is looking to complete in the coming years.