The shareholders of TOM have agreed to actively support TOM in finding a new strategic partner that will enable TOM to realise the next step in its development.
To date TOM has been very successful in realising its ambitions from the start in 2010: TOM created competition in trading Dutch equity and index derivatives and now facilitates over 40% of Dutch option trading.[i] Transaction fees have dropped by more than 60% since TOM started, realising cost savings for market participants and the shareholders of TOM.
TOM has recently hired Hans Pieterse as its new CEO (subject to regulatory approval) to explore strategic alternatives to create a similar success beyond derivatives in the Netherlands. TOM’s shareholders have appointed AXECO Corporate Finance as their financial adviser to facilitate this process.
Contributed | what does this mean?