Tradition Acquires 100% of OM Wholesale in New Zealand
Press Release (ePRNews.com) - SINGAPORE - Aug 31, 2020 - Compagnie Financiere Tradition (“Tradition”) has today announced its acquisition of OM Wholesale Ltd (“OMW”). OMW is New Zealand’s only independent interbank broking business having been formed in a restructure preceding the sale of OM Financial Ltd to First NZ Capital Securities Ltd in 2018.
Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world’s largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in over 30 countries, Compagnie Financière Tradition S.A. is listed on the Swiss stock exchange.