TOM offers best execution in ETFs
TOM (The Order Machine), a Dutch-based exchange, is now offering best execution in exchange-traded funds (ETFs).
The product range now consists of equities, options and ETFs.
Clients can benefit from using a single TOM connection to trade a wide range of products while receiving best execution in all those financial instruments according to MiFID requirements.
Willem Meijer, CEO of TOM (The Order Machine) says: “We are continuously looking for possibilities to expand our product offering and are therefore very pleased to add ETFs to our range of tradable instruments. We plan to expand the number of ETFs tradable via TOM in the near future as the market has seen significant growth in this asset class.”
Martijn Rozemuller, managing director of Think ETFs: “As the first Dutch issuer of ETFs we feel that this is a very positive development for the investor. ETFs are playing an increasingly important role in the market for investment products in the Netherlands, mainly due to the overall low costs of the product. The best execution mechanism of TOM has the ability to reduce the already low costs of trading even more.”
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