The Polish Financial Supervisory Authority approved the acquisition deal for the two companies, OANDA and TMS in early March.
OANDA, an online multi-asset broker that was founded in 1996, has finally announced that they have completed the acquisition of a Polish broker, Dom Maklerski TMS Brokers SA (TMS). Broker OANDA first stated the plan to acquire TMS in September last year.
OANDA And TMS Broker Acquisition Will Benefit Clients
TMS is the oldest multi-asset broker in Poland which currently offers a wide range of financial services of thousands of trading instruments, including forex, indices, commodities, equities, cryptocurrencies, and more. This Polish broker manages to help clients get unlimited access to financial markets while providing several innovative trading tools and educational features.
Regarding this acquisition, Gavin Bambury, OANDA Chief Executive Officer, welcomes this moment as the acquisition of TMS marks the beginning of a new era for OANDA development. As one of the oldest brokers in the world, OANDA able to create a presence in the Polish market as well as expand its network throughout the Baltic and Eastern Europe. Also, purchasing TMS will enable broker OANDA to strengthen their end-to-end offering, which benefits clients worldwide.
Marcin Niewiadomski, CEO of TMS is also pleased with the acquisition since being backed up by a world-class brand and a legacy of integrity like OANDA can help provide TMS an online trading experience for clients around the world.