Source: TOM
TOM is pleased to announce that the matching engine has successfully migrated from Stockholm to the new standalone environment in London this weekend.
The move to London will facilitate the growing interest from financial institutions from the United Kingdom in TOM and the increased capacity of the systems will cater for further expansion in Europe in the future. Currently TOM has an overall market share in the Dutch options of 22% and in index options of 32%.
Willem Meijer, CEO of TOM: "The past period TOM and all TOM MTF participants worked towards this important milestone. The migration was well prepared and was performed successfully. The new standalone setup provides TOM's clients optimal low latency connectivity and an infrastructure with a higher capacity to process more orders and transactions."