October 2020- From LSEG to the Buyside

October 2020- From LSEG to the Buyside

LSEG Highlights


    • Turquoise Plato Trade At Last™ will go live on 19 October
    • China Yangtze Power Co. raised $1.83bn through GDRs listing via Shanghai-London Stock Connect on 25 September
    • Borsa Italiana IDEM Micro-futures on FTSE MIB will launch on 19 October

LSEG Digital Events

Borsa Italiana Virtual STAR Conference - Fall Edition
6-7 October | Link

London Stock Exchange ETF Webinar
7 October | Ask Buyside Team for details

Turquoise Quarterly Customer Webinar
13 October | Ask Buyside Team for details

Shanghai-London Stock Connect Webinar
15 October | Links: Add to calendar and Watch on Spark

Turquoise Plato™

    • Turquoise Plato Trade At Last™ will go live on 19 October, allowing investors to seek further liquidity following the closing auction of the relevant Primary Market via a dark undisclosed execution channel - Video
      • Using the same Turquoise Plato® and Turquoise Plato Block Discovery™ functionality that currently provides award winning midpoint electronic block liquidity during continuous trading, Turquoise Plato Trade At Last™ will simply reference the close price instead of the mid-point of the Primary Best Bid and Offer

Turquoise Plato Trade At Last™ (go-live on 19 October)

London Stock Exchange

      • £32.3bn traded during Closing Auctions, representing 35% of total order book
      • £11.7m ADVT in Closing Price Crossing (CPX) Session

International Order Book and Shanghai-London Stock Connect

      • First Shanghai-London Stock Connect issuer with a 144A line being offered in the US to "qualified institutional buyers"
      • First issuer from China to receive London Stock Exchange’s Green Economy Mark
    • Yangtze Power is the largest hydropower company in the world, and the largest listed power company in China ($65bn+ market value)
    • $55.5m traded on the first day for Yangtze Power, becoming the second most traded GDR on London Stock Exchange International Order Book on 25 September

Borsa Italiana - Equity and Derivatives

    • Borsa Italiana IDEM (Italian Derivatives Market) will launch Micro-futures on FTSE MIB index (micro-FIB), with the value of each index points equal to €0.20

IDEM: Volumes (blue) and Open Interest (orange) of Mini-futures on FTSE MIB, 2015-2020


Did you know?

The Hut Group (THG) became available for trading on Turquoise on 21 September

    • THG raised £1.9bn at IPO (£920m primary and £960m secondary)
    • £5.4bn market cap at IPO priced at £5.00 per share, with 2/3 of the shares sold at IPO allocated to UK funds, and shares closed at £6.25 (up 25% on the IPO price)

THG has a market capitalisation of £6.8bn which would make it eligible for FTSE 100 were it on Premium Segment