Dutch alternative derivative exchange TOM is for sale. The shareholders agreed to sell the business. It wasn’t a well-kept secret. The rumour has been making rounds for a few weeks. Hans Pieterse is appointed with a mandate to sell it. It’s an interesting case (press release).
Too many captains
There are a lot of shareholders. First, there’s retail broker Binck. From the clearing side, there’s ABN AMRO Clearing. Market makers Optiver and IMC Financial Markets have a stake. Finally, there’s NASDAQ as technology provider. NASDAQ has an option to buy 50,1% of TOM. The former CEO Willem Meijer still owns 1,1%. Each shareholder on the ship has their own strategic priorities.