I saw a press release on the Oanda website informing the public that Oanda is going to be sold to FTMO Prop Firm. The news is kind of shocking so anyone know why this is happening? Was Oanda in some kind of financial troubles? What happens to Oanda clients?
See press release here https://www.oanda.com/group/media-center/press-releases/cvc-agree-sale-of-oanda-to-ftmo/