Quote MTF, a next generation lit trading venue for Pan-European equities, today announced the Supervisory Board appointment of Dr. Adam Farkas, demonstrating further commitment to its pledge to stay one step ahead of 2011's forthcoming European regulatory changes.
Adam Farkas, Quote MTF, says: "2011 looks to be an important year both for Quote MTF and Europe's cash equities trading landscape. While the balance of market share between exchanges and MTFs may tip further away from national stock markets, consolidation within the lower-cost models is omnipresent. Competition from new players will now become more prevalent as brokers look for the better diversified strategies for their clients. The challenge for all platforms will be to balance the needs of end clients, liquidity providers, takers and the regulators, amid challenging trading volumes. Only a highly efficient new player will make the grade - and Quote MTF is well on its way to carving its place in this environment."
Farkas joins Quote MTF's team fresh from his term in office as Chairman of the Hungarian FSA. Farkas has extensive financial services experience, including Board positions at the National Bank of Hungary; KELER, the Hungarian Central Depository and Clearing House; Gruppo Intesa; Deutsche Telekom Group and Allianz Group. Dr. Farkas studied economics and obtained his Ph.D. at the Budapest University of Economic Sciences. He has an M.Sc. degree in Computer-Based Simulation and Modelling (UK).
Tamas Madlena, CEO, Quote MTF, comments: "With less than 12 weeks to go before the official launch date of Quote MTF's Equity Programme, we are confident in the service quality and reliability levels we will be delivering to our subscribers. Farkas's appointment adds additional depth to Quote MTF's expertise in compliance, trading and technology across Europe's cash equities markets."