TOM (The Order Machine), the new Netherlands-based retail smart order router (SOR) has chosen QuantHouse to supply real-time feeds of market data from the European trading venues.
TOM seized upon the opportunity presented by new regulations, which aimed at promoting cross border competition between exchanges and investment firms while improving price discovery and investor protection. In particular, this has given way to the establishment of new exchanges, including regulated markets and multilateral trading facilities and development of SORs, including TOM, which built its own technologies on the back of this.
TOMs SOR, TOM Smart Execution, offers retail banks and brokers MiFID-compliant, best execution equities as well as derivatives in the not too distant future.
QuantHouse has access to over 15 global data centres, 45 direct exchange connections and more than 90 total exchange data feeds enabling clients to benefit from greater accessibility when trading all types of securities.
Willem Meijer, CEO at TOM, commented: We were searching for a partner with an established presence in the market as well as an innovative approach to product development and a strong commitment to customer service. After a thorough evaluation process, it was clear that us, that QuantHouse was the best fit for us.
(JDC)