TOM Smart Execution connects to BATS Chi-X Europe
TOM Smart Execution is now connected to BATS Chi-X Europe, adding another trading venue to the Smart Order Router (SOR).
With the new connection, TOM Smart Execution now compares more available prices across different pan-European exchanges.
Willem Meijer, chief executive of TOM (The Order Machine), says: “From the start of our Smart Order Routing business, the focus has always been on retail investors getting the best possible conditions for their order executions. Connecting our Smart Order Router to BATS Chi-X Europe promotes competition between exchanges and will therefore have positive effects for retail investors.”
Koen Beentjes, CEO of BinckBank, says: “BinckBank congratulates TOM Smart Execution with their connection to BATS Chi-X Europe. We support all efforts that lead to more competition between exchanges, making market spreads tighter and thus lead to better prices for retail investors.”
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