Robert Barnes, CEO of LSEG’s Turquoise, tells The TRADE there has been an underlying change in how business is getting done.
London Stock Exchange Group chief says Refinitiv deal is on track to close in the second half of the year, as annual results read well for bourse.
In honour of the Leaders in Trading 2019 awards ceremony, The TRADE was invited to the first London Stock Exchange closing auction ceremony.
In October this year, the Turquoise Plato Block Discovery platform saw eight record days of trading activity.
Rebates on Turquoise will be significantly increased in September as the MTF looks to attract broker smart order routers.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
Turquoise will remove its negative fee structure as of 1 November, as LSEG says buy-side support of transaction fee pilot in the US influenced the move.
LSEG announced plans to adds Euronext Growth stocks to its Turquoise MTF last month.
Turquoise members can now access Euronext Growth securities for trading which will also be cleared by LCH SA.
In-depth analysis of Turquoise Lit Auctions suggests broker priority allocations on LSEG’s periodic auction could be as low as 0.06%.