|Key People||Tamas Madlena, CEO; Christian Bower, Commercial Director|
|Products||Multilateral trading facility|
Quote MTF is a pan-European multilateral trading facility launched in April 2011. Partnered with investment banks and electronic market makers, it offers trading on securities listed on major European markets.
Quote MTF was formed in response to increasing consolidation in the equities trading space and serves as a MiFID-compliant vehicle to sustain competition for lit pool equities trading across all European equities markets.
Quote MTF continues to campaign for expansion in developed European markets, with its first foray into emerging European markets set for Q2 2012.
Quote MTF is an order-driven platform with a lit book organizing and processing orders in price-time priority. It employs a maker-taker model whereby by liquidity-adders are rebated while liquidity-removers are charged a trading fee.
Technology and Services
Subscribers have multiple options for Quote MTF connectivity through its network of data vendors and network providers, including co-location options.
Market data is available either through a direct feed or through partnering data vendors.
Clearing and Settlement
Interoperability is currently under development.
Quote MTF is regulated by the Hungarian Financial Services Authority (HFSA).
Ownership is divided among founders and a consortium of investment banks and electronic market makers.
- Quote MTF buys Biremis stake. Financial Times.