Turquoise announces pricing promotion in Euronext stocks

Turquoise announces pricing promotion in Euronext stocks

  • Aggressive trading fee reduced to 0.25 basis points

Turquoise today announced a pricing promotion for all NYSE-Euronext European stocks traded on its integrated order book. 

The promotion, which will take effect on March 1, will reduce the fee for aggressive trading in all NYSE-Euronext European instruments on Turquoise from 0.3 basis points to 0.25 basis points.

Natan Tiefenbrun, Commercial Director of Turquoise, said:

"Following recent market changes, and in response to client feedback, we have reduced our take-fee for all Euronext stocks traded on Turquoise. Our members are already benefiting from our improved, faster trading platform, with significantly higher fill-rates for aggressive orders, which in turn has encouraged more passive flow to our book."

The pricing promotion is expected to last for six months.

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For further information, please contact:

Jonny Blostone  / Lauren Crawley-Moore

+44 (0)20 7797 1222


Notes to editors:

The full tariff schedule is available here: http://www.tradeturquoise.com/tq_tariff_download.shtml

About Turquoise:

Majority owned by the London Stock Exchange Group since February 2010, Turquoise is a leading Multilateral Trading Facility (MTF). Turquoise gives the London Stock Exchange Group a significant footprint in pan-European and US lit and dark equity trading, providing access to 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.