TOM (The Order Machine) welcomes BNP Paribas as new member on the TOM MTF derivatives market.
At this moment TOM MTF has a stable market share in the Netherlands of around 30%, a figure TOM expects to grow to 40% - 50% later this year. Currently more than 50% of the Dutch retail flow is executed on TOM MTF.
Willem Meijer, CEO of TOM (The Order Machine): "We are delighted that an institutional firm with the international reputation of BNP Paribas will join TOM. The membership of BNP Paribas is a good signal towards both existing and prospective members of the quality of our market. A large variety of participants will improve liquidity and tighten spreads."
Olivier Osty, Deputy Head of Global Equities and Commodity Derivatives, said: "BNP Paribas is pleased to add TOM MTF to our list of European trading venues. TOM's competitive fees, the volumes and the well-known infrastructure offers new opportunities for BNP Paribas and for its clients. We look forward to being an active participant in the market."
Commensurate with the status and importance of thi...London based with substantial international travel
© Finextra Research 2014