LSEG said that the tool launched with 12 Turquoise members entering new orders in 76 different symbols of 11 different country markets on its first day.
Tag: Turquoise Plato
Trade at Last will give traders an extra ten minutes once the primary market closing auction process is finalised to seek liquidity through a dark execution channel.
Robert Barnes, CEO of LSEG’s Turquoise, tells The TRADE there has been an underlying change in how business is getting done.
Value traded of block trading in Europe saw record highs last week, led by Liquidnet, ITG POSIT, Cboe LIS and Turquoise Plato.
Block trades accounted for a record 51.9% of dark trading last week, according to statistics from Fidessa.
New daily value traded above LIS is set at Turquoise Plato as block trading trend continues in the wake of MiFID II.
Daily value traded record up 14% from previous record set in February this year.
Mechanism will allow buy-siders to trigger events advertising liquidity in SME stocks.