Oanda Global Corporation, an established online retail trading platform, has been put up for sale by its private equity backer, CVC Capital Partners, with the sale being managed by bankers at Nomura and Santander, according to a report by Sky News.
Amsterdam-based buyout firm (CVC) acquired Oanda, which provides trading in foreign exchange, equities, commodities, and cryptocurrencies, in 2018.
Headquartered in Asia, Oanda has a significant presence in the UK, US, and Japan, and serves customers in over 120 countries. With more than 100,000 active traders, the company is expected to achieve record revenues of approximately $175m (£138n) this year.
