Tradition Acquires OM Wholesale in New Zealand

ACN Newswire

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. The Wellington-based business of experienced foreign exchange and interest rate derivative brokers has been re-named Tradition Kiwi Brokers Limited.

Compagnie Financiere Tradition SA is one of the world’s largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in 30 countries, Compagnie Financiere Tradition SA 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 (CFT) is listed on the SIX Swiss Exchange.