Quote MTF, a trading venue for pan-European equities, will be extending its product coverage at the end of September to more than 1,350 of the most liquid securities and exchange-traded funds across 21 indices and 15 major European markets.
Quote MTF also intends to cap commission fees at EUR14,000 from now until 2012.
The offer, which is available for all investors who sign up for the service before 1 January 2011, delivers economic upside to trading firms and ensures a cost-effective connect to the independent multilateral trading facility.
Tamas Madlena, chief executive of Quote MTF, says: “Since we opened Quote MTF in September 2009 to the European trading community, we have extended our pan-European product set so that investors can now trade as many equities or ETFs as the market’s most established multi-lateral trading facilities. We have also further honed our business model to ensure that Quote MTF is a business thoroughbred – viable and sustainable. Our decision to put a cap on all commission payable by a single trading firm from now until December 2011 underlines our determination to actively demonstrate to market participants the benefits of using our trading venue for profit generating investment strategies.”
Quote MTF has been tested in the Canadian markets via Omega ATS.