Quote MTF, a pan-European multilateral trading facility (MTF), has taken a step closer to its 4 September launch by finalising its stock rollout schedule.
For the first week of its launch, the Hungarian-based MTF will trade 10 constituents of the French CAC 40 index. Twenty more NYSE Euronext-listed stocks from the Belgian BEL20, Portuguese PSI and Dutch AEX 25 index will be added the week after.
From 18 September, 11 Nordic stocks listed on Nasdaq OMX exchanges in Finland, Denmark and Sweden will be made available for trading, along with 5 Oslo Børs listed stocks.
The following three weeks will see the addition of 10 stocks each from the German DAX, Italian FTSE MIB and the UK’s FTSE 100 indices. The remaining constituents of these indices will be available from 16 October.
Quote MTF will be the sixth pan-European displayed MTF to launch since MiFID opened up competition between trading venues on the continent. Quote’s operations will be based in Budapest to ensure a low-cost base, although its main matching engine will be based in London.
Market making on the platform will be provided by BRMS Holdings, which holds a 60% stake in the MTF and also has majority ownership of
Canadian alternative trading venues SwiftTrade and Omega ATS.