Turquoise Plato Block Discovery™

Turquoise Plato Block Discovery™

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. 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.

What our customers and partners say about us

Mike Bellaro, CEO, Plato Partnership

“The success of the Turquoise Plato Block Discovery™ can be an example to the market about how we can work together to innovate, and Turquoise Plato™ has laid the foundations to drive forward future industry initiatives for the benefit of market participants.”

Justin Brickwood, Managing Director, Barclays

“The success of Turquoise Plato Block Discovery™ can be an example to the market about how we can work together to innovate.”

Nej D’jelal, Plato Co-Chair and Managing Director, Head of Electronic Equities & quProduct, EMEA, Barclays

“Turquoise Plato™ is a collective effort from the investment community, and we hope to see continued success in developing and enhancing the future of equity markets.”

Eric Heleine, Head of Trading, Groupama Asset Management

“The main challenge for asset managers, like Groupama AM, is to reduce the impact of our orders on the markets. Innovations like Turquoise Plato Block Discovery™ are significant in meeting our needs and maximising the quality of execution. Turquoise Plato™ is a response to the industry's need for liquidity research and price discovery.”

Robert Paxton, Trading, Risk & Performance, Veritas Asset Management

“Our experience and analysis of Turquoise Plato Block Discovery™ has, and continues to be, resoundingly positive. We continue to see Block Discovery as a trusted venue of choice when sourcing real liquidity in a safe and protected manner.”

Paul Squires, Head of EMEA Equities Trading, Invesco

“Ensuring we get ahead of the curve to provide the market with solutions that will drive genuine utility is absolutely central to Plato Partnership’s values, and Turquoise Plato Block Discovery™ has demonstrated this success. With a track record of customer engagement and innovation through listening and executing the very implementations requested by us the customers, we look forward to continuing the journey towards greater cooperation among different stakeholders to improve market structures.”

For more information, email sales.turquoise@lseg.com