OANDA, a longtime player in themulti-asset retail trading industry, has announced its plans to finally shutdown its operations in Malta on March 17, 2023, and run its European business“under one regulated entity” from Poland. The broker announced on Monday thatit will transfer its business to its Polish subsidiary, OANDA TMS Brokers,following its exit from Malta.
Under its Maltese license, OANDA operates under OANDA Europe MarketsLimited (OEML). However, this Maltese subsidiary will stop offeringservices “currently provided on the basis of OANDA Europe Markets LimitedRetail and Professional Clients Terms of Business (‘ToB’),” the broker announced.
OANDA Seeks to Consolidate Its European Business
OANDA noted the move will help it “consolidate its operations” in Europe under OANDA TMS, which is registered inPoland and regulated by the Polish Financial Supervision Authority.
“Under this reorganization, which reflectsOANDA’s emphasis on enabling smarter trading for clients, active traders inEurope will be able to gain access to the broader TMS product offering, whichincludes a wider range of asset classes and a cutting-edge platform integratedwith MT5,” OANDA explained in the statement.
Watch the recent FMLS22 session on the importance of prop trading accounts to the brokerage business.
The broker, which recently unveiled a new visual identity,pledged that it will carry out the change in operations “in the leastdisruptive way possible.” It noted that its clients have been informed of thechange and have been given options on how to go about their existing trading accounts with OEML.
Going forward, OANDA added, thebrokerage brand will be built “on the foundations of TMS’ multi-asset offeringand cutting-edge tech stack to accelerate business growth and better supportclients across Europe.”
OANDAExpands Offering and Strengthens Workforce
Meanwhile, OANDA recently expanded itscustomer offering by introducing crypto trading to itsplatform for users in the United States. The project was launched in partnership with Paxosablockchain infrastructure company.
However, in recent months, OANDA rejigged its leadership team across other regions. While Galin Georgiev joinedas the Head of Product Operations in October, Jessica Becksteadbecame the Managing Director of North America and the Chief ExecutiveOfficer in the United States in September. In addition, OANDA promoted Philip Waters toHead of Asia Pacific and Emerging Markets in July.
OANDA, a longtime player in themulti-asset retail trading industry, has announced its plans to finally shutdown its operations in Malta on March 17, 2023, and run its European business“under one regulated entity” from Poland. The broker announced on Monday thatit will transfer its business to its Polish subsidiary, OANDA TMS Brokers,following its exit from Malta.
Under its Maltese license, OANDA operates under OANDA Europe MarketsLimited (OEML). However, this Maltese subsidiary will stop offeringservices “currently provided on the basis of OANDA Europe Markets LimitedRetail and Professional Clients Terms of Business (‘ToB’),” the broker announced.
OANDA Seeks to Consolidate Its European Business
OANDA noted the move will help it “consolidate its operations” in Europe under OANDA TMS, which is registered inPoland and regulated by the Polish Financial Supervision Authority.
“Under this reorganization, which reflectsOANDA’s emphasis on enabling smarter trading for clients, active traders inEurope will be able to gain access to the broader TMS product offering, whichincludes a wider range of asset classes and a cutting-edge platform integratedwith MT5,” OANDA explained in the statement.
Watch the recent FMLS22 session on the importance of prop trading accounts to the brokerage business.
The broker, which recently unveiled a new visual identity,pledged that it will carry out the change in operations “in the leastdisruptive way possible.” It noted that its clients have been informed of thechange and have been given options on how to go about their existing trading accounts with OEML.
Going forward, OANDA added, thebrokerage brand will be built “on the foundations of TMS’ multi-asset offeringand cutting-edge tech stack to accelerate business growth and better supportclients across Europe.”
OANDAExpands Offering and Strengthens Workforce
Meanwhile, OANDA recently expanded itscustomer offering by introducing crypto trading to itsplatform for users in the United States. The project was launched in partnership with Paxosablockchain infrastructure company.
However, in recent months, OANDA rejigged its leadership team across other regions. While Galin Georgiev joinedas the Head of Product Operations in October, Jessica Becksteadbecame the Managing Director of North America and the Chief ExecutiveOfficer in the United States in September. In addition, OANDA promoted Philip Waters toHead of Asia Pacific and Emerging Markets in July.
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