Cie Financiere Tradition SA Acquires OM Wholesale Ltd (NZ)

SINGAPORE, Sep 3, 2020 – (ACN Newswire) – Compagnie Financiere Tradition SA has announced the 100% 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. The Wellington-based business of experienced foreign exchange and interest rate derivative brokers has been re-named Tradition Kiwi Brokers Limited.

Compagnie Financiere Tradition is one of the world’s largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in 30 countries, Cie Financiere Tradition employs more than 2,300 people globally and provides broking services for a complete range of financial products: money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures, and non-financial products: energy and environmental products, and precious metals.

Compagnie Financiere Tradition SA is listed on the SIX Swiss Exchange (SWX: CFT).
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