PRAGUE – FTMO, a global leader in proprietary trading technology, announced on Monday the successful completion of its acquisition of OANDA Global Corporation, a major online multi-asset trading group. The deal, finalized on December 1, marks a significant strategic move to create a comprehensive global trading services group.
The transaction, initiated earlier this year with a purchase agreement from previous owner CVC Asia Fund IV, required approvals from five global regulators. FTMO secured the final necessary clearance in November, concluding an eight-month review process. The financial terms of the deal were not disclosed.
Founded in 1996, OANDA is a regulated brokerage with a strong presence in key financial markets including New York, London, Singapore, and Tokyo. FTMO, established in 2015, has become a dominant force in the prop trading sector, providing evaluation and funding for traders. The acquisition will see OANDA operate as a standalone entity within the FTMO ecosystem.
“The long-term plan is to build a trading powerhouse which will service traders on all levels – modern prop trading, brokerage with the relevant tools. OANDA, a broker with licenses in eight key markets across the world, is the perfect fit for this vision,” said Otakar Šuffner, co-founder and CEO of FTMO.
Marek Vašíček, fellow co-founder and CTO of FTMO, highlighted the strategic fit: “We are excited to work with OANDA’s team, given their impressive track record in complex regulated markets. Together, we form a unique group of companies with extensive expertise.”
Gavin Bambury, CEO of OANDA, stated: “This acquisition enables us to significantly accelerate our growth, and to deliver even more innovative, integrated and smarter trading experiences for our clients.”
CVC, which had owned OANDA since 2018, was advised by Milbank LLP (Hong Kong) as legal advisor, with Nomura and Santander as joint financial advisors. FTMO retained J.P. Morgan as financial advisor and Latham & Watkins LLP as legal counsel.
About FTMO:
FTMO is a leading global provider of proprietary trading evaluation and educational services, operating in over 140 countries. A five-time Deloitte Fast 50 award winner, it was founded in 2015.
About OANDA:
Founded in 1996, OANDA is a pioneering online trading group offering multi-asset trading, currency data, and analytics to retail and corporate clients worldwide through its regulated entities.
About CVC:
CVC is a leading global private markets manager with approximately €200 billion in assets under management across private equity, credit, and infrastructure strategies.