BNP Paribas joins TOM MTF as new member
BNP Paribas is the latest member on the TOM (The Order Machine) MTF derivatives market.
TOM MTF currently has a stable market share in the Netherlands of around 30 per cent, a figure the firm expects to grow to 40 to 50 per cent later this year.
Currently more than 50 per cent of the Dutch retail flow is executed on TOM MTF.
Willem Meijer, chief executive of TOM, says: “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, says: “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.”
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