Polish regulators have given their backing to OANDA’s proposed acquisition of Dom Maklerski TMS Brokers SA, aka TMS Brokers.
The Canadian-headquartered brokerage firm said the deal has been unconditionally approved by the Polish Financial Supervision Authority earlier on Tuesday.
With this deal, OANDA is planning to strengthen its services in the European market, especially in the Baltic countries.
OANDA first announced plans to take control of 100% of the shares of TMS Brokers in September 2020. At the time, OANDA signalled that it may close more of such deals, with the company stating that TMS is the first in a number of strategic acquisitions OANDA is looking to complete over the next couple of years.
Under Bambury’s leadership, the firm has undergone a transformative change in its operational configuration, widening its product offering and increasing its marketing investment in order to drive further growth.
OANDA is a multi-regulated broker with offices in Toronto, Europe and the Asia Pacific region. The company operates an FX trading platform utilized by a mix of retail and institutional investors. Moreover, it provides currency information services to individuals, large corporations and portfolio managers.