About TOM Smart Execution
TOM Smart Execution is a best execution service. TOM Smart Execution
acts under supervision of the Netherlands Authority for the Financial Markets (AFM).
TOM Smart Execution provides a unique service for banks
and brokers. This service offers you the best execution possibility
for your orders, in shares and derivatives, on trading venues where
TOM Smart Execution is a member. Currently TOM Smart Execution is
Member of NYSE Euronext and TOM MTF. In the near future TOM Smart
Execution will also become a member of other exchanges in Europe.
Smart order router
TOM Smart Execution can be compared to a search engine: it compares
execution prices for a specific share at several exchanges and
selects the best price. Are you interested in best execution? TOM’s
smart order router checks whether the best execution
can be found at Euronext or TOM MTF. Offering this execution service
in both equities and soon derivatives too makes TOM Smart Execution an innovator in Europe.
Fast and efficient
Equity trading has spread out over numerous European exchanges. This has resulted in the ability
of trading one single share on several different venues. This is called market fragmentation. TOM
Smart Execution brings this fragmentation back together, leading to better
execution rates for investors.
Open model
TOM Smart Execution promotes fair competition between exchanges by sending
the orders to the venue offering the best price. All members on the connected
exchanges are stimulated to offer the best prices thereby decreasing spreads
and improve liquidity. TOM believes retail orders improve market quality
in general and therefor supports open orderbook trading, accessible for
sall market participants.
How to use TOM Smart Execution
Private investors cannot directly join TOM Smart Execution. However,
you can join through your bank or broker. If your bank or broker is
affiliated with TOM Smart Execution, you will be offered the best
possible execution prices for your transactions.