Turquoise Plato Block Discovery™ explained

Turquoise Plato Block Discovery™ further enhances the Turquoise Plato by facilitating the trading of larger block Orders by matching Block Indications. On identifying potential matches, the service will require Participants to send firm Qualifying Block Orders to Turquoise Plato Uncross™, maximising available liquidity for customers of both services.

Robust reputational scoring and surveillance will monitor the conversion of Block Indications into firm Orders to optimise the use of the service.

Turquoise Plato Uncross ™, a key innovation to complement the Turquoise Plato, is a series of randomised uncross events, which take place between 5-45 seconds, the frequency depending on the liquidity of the security. Please click here to find out more about Turquoise Plato Uncross ™.

Size priority in the matching logic and user defined Minimum Execution Size in the Turquoise Plato also encourages larger sized orders and further improves execution quality.