OANDA Global Corporation, a UK-based online multi-asset trading services platform, announced on Tuesday the acquisition of Polish broker, Dom Maklerski TMS Brokers SA (TMS). The purchase was notably approved by the Polish Financial Supervision Authority.
According to OANDA, TMS allows clients to invest in the global financial markets, along with providing access to thousands of products including currencies, indices, commodities, equities, cryptocurrencies, and exchange-traded funds from major exchanges. In addition, the firm provides clients with access to experienced advisors, reliable education, and trading tools.
“[OANDA] 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.”
Speaking about the acquisition, Gavin Bambury, CEO of OANDA, stated:
“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 went on to add that the TMS acquisition represents its second investment in Poland in the last year. In early 2020, OANDA established a shared services center in Kraków that currently employs nearly 100 people.