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Quote MTF Commits to Pan-European Harmonized Tick Sizes

Plans to adopt the same tables as the domestic exchange venues by October 2010.

Quote MTF, a trading venue for Pan-European equities, publicly confirmed its commitment to the Federation of European Securities Exchanges (FESE)’s initiative for a Pan-European harmonized tick size regime. Quote MTF has said it would adopt the same tables as the domestic exchange venues by October 2010.

In a statement, Tamas Madlena, CEO, Quote MTF, commented: “Quote MTF supports all market initiatives that will encourage fair and honest market competition and help create a level playing field among market participants. The commoditization of tick sizes across the European equities market is to the benefit of all participants and investors by encouraging efficiency, consistency and clarity.”

Judith Hardt, Secretary General, FESE, said in the release: ‘We welcome the announcement by Quote MTF that it is committing to use the harmonised tick size regimes adopted by FESE members, LIBA and MTFs in 2009.”

Last week, Quote MTFsaid it was giving away 40 percent of the company’s equity by striking partnerships with key trading firms, in a move to attract both passive and aggressive volume to the volume.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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