The London Stock Exchange Group (LSEG) has expanded its pan-European multilateral trading facility (MTF) Turquoise with the addition of Euronext Growth securities.
The expansion means Turquoise members, including global banks, domestic brokers, trading firms and retail intermediaries, now have access to trade securities quoted on Euronext Growth, which will be cleared by LCH SA.
LSEG said in a statement that the new channel for execution for Euronext Growth instruments reflects an increased demand from investors for trading in small and mid-cap securities.
“Further extending Turquoise’s universe of European stocks to incorporate Euronext Growth instruments gives our customers increased access to high-growth European small and medium-sized enterprises (SMEs),” Robert Barnes, CEO of Turquoise, added.
“Through a single Turquoise workflow, members will be able to further diversify their portfolios, whilst benefitting from the same market innovations already available to them through Turquoise.”
With the addition of Euronext Growth securities, Turquoise’s universe of stocks has increased to approximately 4,500 across 19 European markets.
In October last year LSEG also added FTSE AIM UK 50 index stocks, which consists of the largest 50 stocks on the exchange operator’s secondary international growth market, to its MTF Turquoise.
Institutions trading the Euronext Growth securities can also use MiFID II-compliant mechanisms Turquoise Plato Block Discovery and the Turquoise Lit Auctions.
“Clearing these instruments means that investors can now benefit from a choice where to execute their trades, while continuing to achieve enhanced risk management and efficiency associated with LCH SA,” Christophe Hemon, CEO of LCH SA, concluded.