Turquoise Plato Uncross™
Turquoise Plato Uncross™ is a unique service providing a series of randomised auctions throughout the continuous trading period of the Turquoise Plato™. In only allowing patient, passive orders to match, Turquoise Uncross™ provides a more level play
Turquoise Plato Uncross™ is an innovation that differentiates Turquoise from other European equity markets.
Turquoise Plato Uncross™ is a buy-side friendly randomised midpoint uncrossing for larger and less time sensitive passive orders. It allows only passive orders from buyers and sellers. The duration of resting period and random timing nature of Turquoise Plato Uncross™ provides a fair and level playing field since no participant can initiate a trade by aggressive order. With no preference to time sensitive persistent flow where an aggressor can initiate and choose the exact millisecond of execution, the result is participants in Turquoise Plato Uncross™ can rest larger orders for longer to achieve better execution quality.