The Order Machine’s broking arm, part of the Dutch multilateral trading facility backed by Optiver, ABN Amro and Binckbank, has won a two year legal battle to gain membership of NYSE Liffe Amsterdam.
A Dutch court ruled that it was the duty of the
country’s regulator, the Financial Markets
Authority, to decide whether the firm should be allowed to join
the rival exchange, not the judiciary.
"[This] means our MTF will finally
be able to trade," Willem Meijer, CEO of TOM, told FOi. "Liffe
didn’t want this for two years."
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