Oanda World Company, the web retail buying and selling platform, has been put up on the market by its non-public fairness backers.
Sky Information has learnt that the corporate, 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 Companions, the Amsterdam-listed buyout agency, since 2018.
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Its valuation in a possible sale was unclear this weekend.
The corporate affords buying and selling in overseas trade, equities, commodities, and cryptocurrencies.
Headquartered in Asia, it has a presence within the UK, US, and Japan, and serves clients in additional than 120 nations.
With greater than 100,000 lively merchants, it’s anticipated file revenues this 12 months of about $175m (£138m).
Oanda was based in 1995 and has develop into a outstanding participant within the sector, which has boomed lately.
Different monetary traders are anticipated to contemplate affords for the corporate.
CVC declined to remark.
