EuroTLX SIM S.p.A. manages the Multilateral Trading Facility (MTF) EuroTLX, targeted to non-professional and professional investors trading in retail size and mainly focused on fixed income securities.
EuroTLX offers the possibility of trading electronically a wide range of financial instruments with a high level of transparency on prices and on pre and post trade information.
Liquidity is guaranteed by a mechanism of competitive and continuous auction and by the presence of at least one Liquidity Provider during trading hours for each financial instrument.
The microstructure of the market is hybrid, order and quote driven: investors can send market to limit and limit orders. Orders and quotes are ordered by price and time priority.
EuroTLX has been included in the Best Execution Policy of Italian brokers: this has allowed the market to increase consistently the number of executed contracts and the turnover amount.