Banks to provide access to trade FTSE 100 Futures on Turquoise Derivatives

Banks to provide access to trade FTSE 100 Futures on Turquoise Derivatives

  • Turquoise Derivatives to begin trading FTSE 100 Futures on 6 June 2011
  • Launch supported by number of liquidity partners

Several banks will provide access to trade the FTSE 100 Futures contract on Turquoise Derivatives trading platform when it launches on 6th June 2011.

Those banks that have confirmed they will provide day one access include: Bank of America Merrill Lynch, Barclays Capital, Citigroup Global Markets Limited, Credit Suisse, Goldman Sachs, J.P. Morgan, Nomura and UBS.

In addition, a number of liquidity partners will provide liquidity from the start of trading.

Adrian Farnham, CEO at Turquoise said:

“We are delighted to have the support of a number of banks and liquidity partners who share our vision of introducing a more competitive and open market for trading Equity Derivatives in Europe.”

“Not only will our clients benefit from our innovative pricing model and reduced clearing fees but by using an established model, with existing trading and clearing infrastructure, it will be simple for firms to trade FTSE Futures on Turquoise. We have also engaged with all the important software vendors and clearing members to make this as seamless as possible for our clients.”

FTSE100 Futures traded on the Turquoise derivatives platform were approved by the FSA on the 01st June 2011.

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For further information, please contact:

Lauren Crawley-Moore   +44 (0)20 7797 1222

Notes to editors:

Turquoise Global Holdings Limited 

Turquoise is a market leading Multilateral Trading Facility (MTF) giving customers access to pan-European and US lit and dark equity trading in more than 2,000 global securities. Unique functionality in Turquoise's Integrated Book combines visible and non-displayed orders to deliver increased likelihood of execution and price improvement. Turquoise's Midpoint Book is an entirely non-displayed execution service, where trades execute at the midpoint of the bid-ask spread. Turquoise also operates TQ Lens, a non-displayed liquidity routing service, which offers clients access to the otherwise inaccessible internal crossing networks of their peers. Turquoise has been majority owned by the international diversified exchange business, London Stock Exchange Group, since February 2010.