Turquoise launches new competitive Spanish pricing promotion

  • Higher rebates for all passive flow
  • Further incentives for increased volumes
  • Effectivefrom 1 May 2012

Turquoise Global Holding Limited (Turquoise) is introducing a new pricing promotion for the most liquid Spanish stocks. Effective from 1 May 2012, the new promotion is designed in response to customer demand, and will be in place for six months.

The new pricing includes an increase in passive rebate on the six most liquid Spanish stocks, from 0.2 to 0.4 bps. There will also be a higher rebate of 0.5 bps awarded for incremental passive business above €120 million a month and the introduction of 0.2 bps take fee for aggressive business.

Adrian Farnham, CEO at Turquoise said:

“We are delighted to introduce this new promotion to our customers, which will make Turquoise the most attractive venue for trading the six most liquid Spanish stocks.

“By concentrating liquidity and improving execution quality for all participants, we are committed to being at the forefront of the competitive landscape in Spain. We will continue to work closely with our customers, providing them with the most efficient and cost effective trading solutions in the region.”

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For further information, please contact:

Lucie Holloway/Lauren Crawley-Moore
+44 (0)20 7797 1222
newsroom@londonstockexchange.com

Notes to editors:

About Turquoise Global Holdings Limited:

Turquoise Global Holdings Limited ("TGHL") is an investment firm authorised by the Financial Services Authority (FSA) of the United Kingdom. Majority owned by London Stock Exchange Group (LSEG), its shareholders also include twelve leading investment banks.

TGHL operates a multilateral trading facility ("Turquoise") with two distinct trading platforms; Turquoise Equities and Turquoise Derivatives. Turquoise Equities offers lit and dark trading services in some 2,000 securities (including equities, ETFs, GDRs and ADRs) across 19 countries in Europe and the United States. Turquoise Derivatives offers trading of single stock, index and dividend derivatives based on pan-European and International Order Book (IOB) equities.

TQ Lens, Turquoise’s liquidity aggregation service facilitates smart order routing by parsing incoming orders and distributing them according to a series of sophisticated algorithms to otherwise inaccessible, fragmented liquidity sources.

Users of the Turquoise MTF and TQ Lens benefit from fully risk-managed clearing solutions, and industry-leading market surveillance to ensure fair and orderly operations.

Membership is uniformly open to qualified firms, with members today ranging from the largest global banks and brokers to institutions with local, regional and sector focus, and specialist trading and market-making firms.

For more information, please visit www.tradeturquoise.com