The Gateway to Algorithmic and Automated Trading

BNP Paribas joins TOM MTF

First Published 15th May 2014

BNP Paribas adds TOM MTF to list of European trading venues.

Willem Meijer, CEO, TOM

Willem Meijer, CEO, TOM

"The membership of BNP Paribas is a good signal towards both existing and prospective members of the quality of our market."

Amsterdam - TOM (The Order Machine) has announced that BNP Paribas has become a new member on the TOM MTF derivatives market.

TOM MTF currently has a stable market share in the Netherlands of around 30%, a figure TOM expects to grow to 40% - 50% later this year. 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: "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."