TOM is a best execution specialist platform for the retail community, which became part of TMX Atrium’s community in 2011.
From multiple trading sites, clients can now access TOM at its new production and back-up site.
TMX Atrium, an infrastructure provider to the financial community, provides secure connectivity from the TOM multi-lateral trading facility (MTF) matching engine in Stockholm to TOM’s data centre facilities in Amsterdam and brought clients across from Europe to the MTF facility. TOM’s matching engine was moved from Stockholm to a new production site at London 4 (LD4) and a disaster recovery site at London Interxion.
TOM is a trading venue in The Netherlands offering equity and options trading and aiming at optimal competition between markets.
Existing members of TOM avoided the challenges associated with venue migration, through the use of TMX Atrium’s flexible connectivity infrastructure, according to the release.
As venue migrations continue across Europe and North America, TMX Atrium helps firms reduce the complexity of access by providing a simple point of connectivity onto the financial services marketplace, providing opportunities for trading across multi-asset class venues. During the migration, TMX Atrium’s infrastructure enabled clients to benefit from the opportunity to access and test feeds ahead of TOM’s physical move.
Commenting on the move, Willem Meijer, CEO of TOM, added, “We are pleased that our venue migration went seamlessly and that we can benefit from exposure to additional TMX Atrium community members from our new locations. TOM has now established a substantial market share of 24 percent in equity and index options trading in the Dutch market and our on-going tie-up with TMX Atrium accelerates our reach into their significant London-based trading community. This ensures that TOM is accessed by a wider global audience and helps us to meet our 2013 target market share of 30-40 percent.”
According to Emmanuel Carjat, managing director of TMX Atrium, the firm has seen an increase in numbers of clients connecting to TOM over the past two years in its capacity as a preferred connectivity provider.
“Throughout 2013, we will continue to support a number of key venue migrations within the financial services community. Our ability to provide connectivity to current and proposed venues, gives participants the opportunity to test and validate production and back-up feeds and offers the opportunity to set up real-time scenarios to help customers eliminate any disruption on venue migration dates.”
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio