FTMO Completes Acquisition Of OANDA From CVC

The transaction began earlier this year, when FTMO signed a purchase agreement with the previous owner CVC Asia Fund IV (“CVC”), pending standard regulatory approvals.

In November, FTMO received the final regulatory clearance and on December 1, the acquisition was officially completed.

According to FTMO founders Otakar Šuffner and Marek Vašíček, this deal marks a pivotal milestone in their ambition to build a global trading powerhouse spanning prop trading, brokerage, and related financial services.

OANDA is a leading global digital platform for active traders providing multi-asset trading, currency data, and analytics to both retail and corporate clients.

Since its founding in 1996, OANDA has established regulated entities and leadership teams across some of the world’s most active financial markets including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney.

The company has been owned by the investment fund CVC since 2018. For FTMO, a prominent technology company specializing in education and proprietary trading support, this marks another successful milestone in its series of strategic acquisitions.

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The completion of the transaction was contingent on obtaining approvals from five regulators, a thorough process that took roughly eight months. FTMO received the final required approval in November and successfully closed the acquisition on December 1. The parties have not disclosed the transaction value. FTMO intends to operate the OANDA group as a fully standalone business.

“We will continue to focus on our core business a modern prop trading platform where we rank among the leaders. 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 to this vision,” explains Otakar Šuffner, co-founder and CEO of FTMO, regarding the motivation behind the acquisition.

“We are excited to work with OANDA’s team, given their impressive track record in complex regulated markets, strong approach to risk management and customer-centric philosophy. We believe that our connection will be beneficial for the whole market including our customers. Together, we form a unique group of companies with extensive expertise that has not existed on the market up until now,” adds Marek Vašíček, fellow co-founder and CTO of FTMO.

Gavin Bambury, CEO of OANDA, commented: “Today, we mark a pivotal moment as OANDA officially joins the FTMO ecosystem. OANDA’s strength has always been rooted in our commitment to operating as a client-focused, trusted, regulated global group. This acquisition enables us to significantly accelerate growth, and to deliver even more innovative, integrated and smarter trading experiences for our clients.”

In connection with the transaction, Milbank LLP (Hong Kong) served as legal advisor to CVC, while Nomura and Santander acted as joint financial advisors. FTMO was advised by J.P. Morgan on financial matters and by Latham & Watkins LLP on legal matters.

About FTMO

FTMO is a leading global provider of educational and training services, helping clients test and develop their trading skills and risk management capabilities. The company serves clients in over 140 countries worldwide. Since its founding in 2015, FTMO has been recognized five times in the Deloitte Fast 50 for the fastest-growing tech companies in Central Europe. Its founders were named EY Technology Entrepreneurs of the Year 2022 in the Czech and have received numerous other accolades.

About OANDA

Founded in 1996, OANDA is a global online trading leader, offering multi-asset trading, currency data, and analytics to retail and corporate clients. With regulated entities in major financial centers worldwide, OANDA provides award-winning platforms for trading FX, commodities, indices, shares, treasuries, precious metals, and digital currencies.