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TOM MTF announces that today at 09:38 hrs CET the fifth millionth option contract has been traded on its platform. Since the launch of the derivatives segment on TOM MTF, they have been expanding the number of classes and corresponding option series tradable. This has resulted in another milestone.
The first 1 million contracts in 11½ months, the second millionth contract in 9 ½ weeks, the third millionth contract in less than 6 weeks, the fourth millionth contract in 5 weeks and today the fifth millionth contract was traded within 1 month!!
Market shares have been growing since launch. Last week statistics showed an overall market share versus NYSE Liffe of 21% and a market share in options based on the AEX index of 32%.
In a short time, TOM has made a vast impact on the European derivatives landscape. Transaction costs have decreased significantly and tick sizes have become smaller. Retail clients trading via TOM Smart Execution have seen large savings of more than EUR 10 per executed order and are the first to receive best execution in option orders in Europe.
