Turquoise Plato Block Discovery™
Turquoise celebrates two and a half years since the launch of Turquoise Plato Block Discovery™
There is now over 2.5 years of empirical data showcasing a working Large-In-Scale (LIS) mechanism that features:
- Higher average trade size: €280,700 (almost 30 times the industry dark pool average)*
- High firm up rates: 91% of Block Indication matches are followed by submission of a valid firm order*
- Low reversion: <10% of executions in Turquoise Plato Uncross™ are followed by a reference price change within 1 second, comparing favourably with 50% in continuous non-displayed order books
We are pleased to announce that there has been €37.5bn traded on Turquoise Plato Block Discovery™ since launch*, of which €33.5bn has been traded since 1 September 2016.
(*October 2014 - August 2017)