TOM (The Order Machine) announces that IMC financial markets (IMC) has acquired an equity stakeof 9.99% in TOM. IMC is already active as a market maker on TOM MTF.
The long term commitment of IMC as a strategic partner as well as a market maker on our trading platform is important for the future of TOM.
Rob Defares, Co-CEO of IMC: "Our decision to acquire a stake in TOM underlines our confidence in the proposition of TOM. We feel that competition between exchanges is very important as this leads to better service, lower costs and tighter markets for IMC and end users".
Willem Meijer, CEO of TOM: "We are pleased to welcome IMC as a shareholder and view this as aconfirmation of confidence in the future of TOM".