Sounding the gong for AFS OTF

AFS Group announces to be the first in the Netherlands to have officially received its license to operate as an Organized Trading Facility (OTF) under MiFID II.

AFS OTF is the first-of-its-kind in the Dutch market and will operate as a discretionary voice/chat trading system. This allows investment firms to execute various financial instruments on-venue. Additionally, AFS OTF will be regulated by AFM and must comply with certain rules. The reporting and publishing requirements will be satisfied by AFS’ use of Euronext APA and ARM. By operating as an OTF, AFS can play a valuable role in achieving the most important objectives under MiFID II. More specifically, to provide more protection for investors and to increase transparency in the various asset classes.

AFS Group is a medium-sized financial services provider specializing in the mediation of financial instruments and green certificates. With 90 employees, from 4 offices AFS serves more than 1,000 complete sales parties: asset managers, banks, companies and other non-financial institutions.

For more information: www.afsgroup.nl