January 3rd, 2018

General news

AFS receives permit for OTF

AFS Group BV, in close cooperation with the Dutch Regulator AFM, proudly 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.

Being able to operate as an OTF allows AFS Group to have a valuable role in realizing the main objectives under MiFID II.  Specifically, to offer greater investor protection and increase transparency into several asset classes.

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 regarding information exchange, the best-execution obligation, order execution for clients, and fulfilling pre- and post-trade transparency requirements. The reporting and publishing requirements will be satisfied by AFS’ use of Euronext APA and ARM.

Hein Siemerink, CEO of AFS Group: “We are pleased to have received this brand new permit. With the OTF we can continue to offer our unique added value in a MiFID II compliant way”.
AFS Group is a European financial service provider specialised as an intermediary in the wholesale Financial- and Renewable Energy sector. With 90 employees from offices in four countries AFS provides voice- and hybrid brokering-, execution-, electronic trading- and transaction advice services for a wide range of asset classes. Thanks to AFS in-depth market knowledge and strong historical relationships AFS can offer her clients added value through best price discovery, time saving best execution and qualified advice.