Thursday 20 October 2016 - The shareholders of TOM have agreed to actively support TOM in finding a new strategic partner that will enable TOM to realise the next step in its development.
To date TOM has been very successful in realising its ambitions from the start in 2010: TOM created competition in trading Dutch equity and index derivatives and now facilitates over 40% of Dutch option trading. Transaction fees have dropped by more than 60% since TOM started, realising cost savings for market participants and the shareholders of TOM.
TOM has recently hired Hans Pieterse as its new CEO (subject to regulatory approval) to explore strategic alternatives to create a similar success beyond derivatives in the Netherlands. TOM's shareholders have appointed AXECO Corporate Finance as their financial adviser to facilitate this process.
About TOM (The Order Machine)
TOM is a fully regulated MTF under Dutch legislation and enjoys full pass porting rights within the EU. While now fully focussed on Dutch derivatives, the company is fully scalable and facilitates any extension of the business into other products or countries. With its unique 'smart order router' (SOR), TOM provides a solution for best execution obligations in equity derivatives trading, tracking the best execution prices on several exchanges and marketplaces. Nasdaq, the US exchange operator, was attracted as provider of a state-of-the-art system Genium Inet platform, which enables members to execute transactions in a fast and cost-effective manner. The shareholders of TOM include ABN AMRO Clearing, BinckBank, IMC, Nasdaq and Optiver.
* As compared to reference Dutch derivatives market