CVC puts online trading platform Oanda up for sale
Oanda Global Corporation, the online retail trading platform, has been put up for sale by its private equity backers.
Sky News has learnt that the company, which is a rival to the likes of CMC Markets and IG Group, is being marketed by bankers at Nomura and Santander.
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Oanda has been owned by CVC Capital Partners, the Amsterdam-listed buyout firm, since 2018.
Its valuation in a potential sale was unclear this weekend.
The company offers trading in foreign exchange, equities, commodities and cryptocurrencies.
Headquartered in Asia, it has a presence in the UK, US and Japan, and serves customers in more than 120 countries.
With more than 100,000 active traders, it is expected record revenues this year of about $175m (£).
Oanda was founded in 1995 and has become a prominent player in the sector, which has boomed in recent years.
Other financial investors are expected to consider offers for the company.
CVC declined to comment.