The Order Machine Moves from Stockholm to London
By moving to London, TOM has increased the capacity of its system and facilitated the access to its trading facility for UK-based firms, and eventually to the rest of Europe.
"TOM and all TOM MTF [multilateral trading facility] participants worked towards this important milestone. The migration was well prepared and was performed successfully," says Willem Meijer, CEO of TOM. "The new standalone setup provides TOM's clients optimal low-latency connectivity, and an infrastructure with a higher capacity to process more orders and transactions."
TOM is a joint venture between electronic-trading firms Optiver and IMC Group, as well as ABN Amro Clearing Bank and BinckBank.
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