Quote MTF, a next generation trading venue for Pan-European equities, today announced the Supervisory Board member appointments of Dr. Ilona Török and Mario Josipovic in a move to consolidate and strengthen all levels of compliance in preparation of forthcoming regulatory changes and requirements.
Török, who joins Quote MTF as Non-Executive Chairman of its Supervisory Board, has more than a decade's experience as a director of the Hungarian FSA, overseeing the regulatory compliance of the country's capital markets institutions.
Ilona Török, Supervisory Board Chairman, Quote MTF, says: "Quote MTF has taken a refreshing look at the Pan-European equities market and is offering investors and market participants an alternative trading venue that is here for the long-term. Market-leading passive liquidity providers are joining us in our efforts to keep competition alive and it is crucial that Quote's next generation multilateral trading facility complies with all existing and future market regulations for the good of the industry and our investors."
Canadian-based Mario Josipovic has extensive experience in the securities law industry, first as a securities lawyer at a leading Toronto law firm, and then as in-house counsel at a financial services firm. He also served for two years as President of Omega ATS, a lit order-driven equities trading marketplace located in Toronto, Canada. He is now General Counsel of Orbixa, Quote MTF's Canadian sister company and technology provider.
Tamas Madlena, CEO, Quote MTF, comments: "Ilona and Mario are welcome additions to the expert team on the Supervisory Board at Quote MTF. Their appointments represent one more step in the right direction as we bring together the people, technology and services that are required for Europe's most efficient equities trading venue."
Quote MTF, which has been tried, tested and proven in the Canadian markets via Omega ATS, is a fast, resilient and highly scalable trading environment. Requiring only a fraction of Europe's liquidity for the company to breakeven, this next-generation venue promotes sustainable market-wide competition in a post-MiFID world. Quote MTF recently announced its ground breaking equity plan and its intention to cap commmission fees at €14,000 from now until 2012.