Turquoise Plato Trade At Last™

  • TURQUOISE PLATO TRADE AT LAST™

With Turquoise Trade At Last™, built in partnership with Plato Partnership, investors have the opportunity to seek further liquidity following the closing auction of the relevant Primary Market via a dark undisclosed execution channel. Once the underlying Primary Market has completed its natural price formation process and made public the official closing price, both firm and conditional orders can be submitted into Turquoise Plato Trade At Last™ (until 16:45 UK time). Using the same Turquoise Plato™ and Turquoise Plato Block Discovery™ functionality that currently provides award winning mid-point dark block liquidity during continuous trading, the Turquoise Plato Trade At Last™ will simply reference the close price instead.

Access to the service is automatically provided through existing connections to Turquoise Plato™ and the MIC code (TRQM) remains the same, thereby requiring little or no additional operational lift to onboard. Turquoise Plato Trade At Last™ provides a post-close liquidity opportunity without information leakage due to the nature of remaining a dark undisclosed service and complements end of day processes with a 16:45 (UK Time) finish time.

This is a new and different offering to those which exist currently on lit venues offering Trade At Last functionality and can be considered an extension of the Turquoise Plato™ service. This can be especially useful if monitoring quality block executions coming back from Turquoise via Tag30 and Tag851 towards the end of the trading day…Turquoise Plato Trade At Last™ provides a unique service to capture additional opportunity, same day as soon as the closing price is known

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

Download Turquoise Plato Trade At Last™ Factsheet