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."
to £60k base, £100k OTEAnywhere, UK
© Finextra Research 2014