Interactive Brokers will offer trading on TOM, a trading venue in The Netherlands, to its brokerage clients as of 24 March 2014.
Clients will be able to trade directly on TOM in derivatives.
With the connection of Interactive Brokers, more than 50 per cent of the Dutch retail flow is executed via TOM.
Willem Meijer, CEO of TOM (The Order Machine), says: "The decision of Interactive Brokers to offer our market to their clients is an important confirmation of our success. After our launch 1.5 years ago TOM has created a highly liquid derivatives market with significant volumes and tight spreads. By adding renowned retail brokers like Interactive Brokers, the market quality will evolve even further accompanied by growth in the market share that currently is 30 per cent in The Netherlands."
TOM is a trading venue in The Netherlands offering equity and options trading and aiming at optimal competition between markets. To be able to guarantee best execution of client orders, TOM developed a search engine (TOM Smart Execution) which compares prices between markets. The client’s order is executed at the trading venue showing the best available price at that moment. TOM has established a substantial market position in equity and options trading. The shareholders of TOM are ABN AMRO Bank, BinckBank, IMC, Nasdaq OMX and Optiver.
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