Exchange / Market Item: Turquoise
Generated on 2014/06/19 at 04:58:07 AM
Exchange / Market Item: Turquoise
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| Description (HTML) | Turquoise is a European equities and derivatives trading platform for on-exchange and off-exchange execution, backed by investment banks in an effort to cut transaction fees from established venues. The London Stock Exchange, a former rival, acquired a 51% stake in Turquoise in February of 2010. In July 2013, LSE increased its stake by purchasing Turquoise's derivatives platform.
Turquoise was announced by an initial consortium of seven banks that together account for half of share trading in Europe. The aim was to create a platform which would halve on-exchange trading costs, but the venture has been expanded to include dealing in dark liquidity pools, where firms offer to buy and sell large blocks of shares away from public sight. |
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| Source Description | MarketsWiki | |||
| Source URL | http://www.marketswiki.com/mwiki/Chi-X | |||
| Document | No document attached... | |||
| Lifecycle - Exist Start Date | 2008-07-01 | |||
| Lifecycle - Exist End Date | UNKNOWN | |||
| Item Quality Status (Item Quality Status) | Acceptable | |||
| Updated by | webea.09 | |||
| Updated on | 2014-05-10 22:32:20 | |||
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