FTMO founders Otakar Šuffner and Marek Vašíček have issued a statement on OANDA’s future following the acquisition of the brokerage.

The statement makes it clear that the FTMO founders will take over OANDA’s leadership as co-CEOs.

The full statement can be read below:

“At FTMO we have a clear vision for how the trading landscape will continue to evolve and what it takes to become a truly global trading powerhouse. The recent acquisition of OANDA represents an important step towards fulfilling that vision.

After open and constructive discussions about the future direction of both companies, FTMO founders Otakar Šuffner and Marek Vašíček, and OANDA CEO Gavin Bambury have mutually agreed that Otakar and Marek will take joint leadership of the company as co-CEOs. We deeply value Gavin’s outstanding leadership and the strong foundations he helped build, which played a key role in OANDA’s successes and made the company an attractive acquisition target for FTMO.

FTMO and OANDA continue to operate as independent organisations, and all other operations and teams in each country remain otherwise unchanged.”