Quote MTF, a lit trading venue for Pan-European equities, is set for its liquidity launch. The platform will initially have a minimum of eight passive liquidity providers committed to the multilateral trading platform through its equity participation program. The liquidity will be made increasingly available from the beginning of the second quarter of 2011.
The participants hold directional and arbitrage trading strategies from the investment banking and principal trading sectors, drawn from the U.S., the U.K., Ireland, France and the Netherlands. The trading platform, which will provide a no fee, no rebate model for passive trading, will continue to cap exchange fees at €14,000 until 2012.
Click here for the release from Quote MTF.