CEO of TOM Hans Pieterse receives regulatory approval
TOM (The Order Machine) announced today that Mr. Hans Pieterse has received the required approval from the Dutch regulators AFM and DNB on 27 October 2016 for his appointment as new CEO of TOM.
In line with the press announcement on 20 October 2016, Mr. Pieterse will focus on exploring strategic alternatives and finding a partner that will enable TOM to realise the next step in its development.
About TOM (The Order Machine)
TOM is a MiFID Multilateral Trading Facility (MTF) under Dutch supervision with passporting rights within the EU. While now focused on Dutch derivatives, the company is fully scalable and can facilitate 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 and derivatives trading, tracking best available 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.