PARIS--(BUSINESS WIRE)--Galaxy MTF, an organized Multilateral Trading Facility (MTF) for European bonds, announced today that it has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a foreign exchange in Switzerland. This approval allows local investors to access Galaxy.
“We are proud to be able to offer the Galaxy MTF to Swiss investors and happy to be making strides towards our goal of delivering best execution to fixed income investors throughout Europe,” said Jean-Philippe Malé, CEO of Galaxy MTF. “Galaxy will continue to expand its reach in the coming weeks and months, ensuring that it remains the premier destination for the efficient, liquid, and transparent exchange of European bonds.”
The Galaxy bond trading platform accepts only firm orders and aggregates them in a global order book with prices accessible to all participants. Post trade information and transaction records are made available publicly. Galaxy is also equipped with a latest generation compliance monitoring system, which checks trading activity in real-time to help safeguard against possible market distortions.
About Galaxy MTF
Galaxy operates a Multilateral Trading Facility (MTF) for European bonds. Galaxy was created to drive efficiency, transparency and liquidity in the European fixed income markets, in line with recommendations issued by the Cassiopeia Committee. Galaxy received approval from the Autorité des Marchés Financiers (“AMF”) and the Autorité de Contrôle Prudentiel (“ACP”), the agency regulating consumer protection and financial stability in France, and became operational on July 11, 2011.