Quote MTF, a next generation lit trading venue for Pan-European equities, has appointed Dr. Adam Farkas to its supervisory board.
2011 looks to be an important year both for Quote MTF and Europes cash equities trading landscape, Farkas says. While the balance of market share between exchanges and MTFs may tip further away from national stock markets, consolidation within the lower-cost models is omnipresent. Competition from new players will now become more prevalent as brokers look for the better-diversified strategies for their clients. The challenge for all platforms will be to balance the needs of end clients, liquidity providers, takers and the regulators, amid challenging trading volumes.
Farkas joins Quote MTFs team fresh from his term in office as chairman of the Hungarian FSA. He has extensive financial services experience, including board positions at the National Bank of Hungary; KELER, the Hungarian Central Depository and Clearing House; Gruppo Intesa; Deutsche Telekom Group and Allianz Group. Farkas studied economics and obtained his Ph.D. at the Budapest University of Economic Sciences. He has an M.Sc. degree in Computer-Based Simulation and Modelling (UK).
With less than 12 weeks to go before the official launch date of Quote MTFs Equity Programme, we are confident in the service quality and reliability levels we will be delivering to our subscribers, says Tamas Madlena, CEO of Quote MTF. Farkass appointment adds additional depth to Quote MTFs expertise in compliance, trading and technology across Europes cash equities markets.