LSEG’s Turquoise cuts rebates as maker-taker debate in the US rages on
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.
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%.
Mechanism will allow buy-siders to trigger events advertising liquidity in SME stocks.
LSE’s response to Euronext’s deal with ICE Clear included plans for LCH SA to provide clearing services to Turquoise.