Galaxy MTF, an organized Multilateral Trading Facility (MTF) for European bonds, has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a foreign exchange in Switzerland, which will allow local investors to access Galaxy.
We are proud to be able to offer the Galaxy MTF to Swiss investors and happy to be making strides towards our goal of delivering best execution to fixed-income investors throughout Europe, says Jean-Philippe Mal, CEO of Galaxy MTF. Galaxy will continue to expand its reach in the coming weeks and months, ensuring that it remains the premiere destination for the efficient, liquid and transparent exchange of European bonds.
The Galaxy bond trading platform accepts only firm orders and aggregates them in a global order book with prices accessible to all participants. Post-trade information and transaction records are made available publicly. Galaxy is also equipped with a latest generation compliance monitoring system, which checks trading activity in real-time to help safeguard against possible market distortions.
(CM)