Pan-European multilateral trading facility (MTF) Turquoise grabbed a 4.51% Europe-wide market share in yesterday’s trading, bringing it close to the 5% market share it said was achievable by the end of this year.
The MTF also announced it would begin trading 224 Italian stocks on 13 October, following series of delays. Turquoise’s and other MTFs’ entry into Italy has been stalled because of Italian stock exchange group Borsa Italiana’s delayed migration to the London Stock Exchange’s TradElect high-speed trading platform.
Turquoise’s biggest market share yesterday was in stocks traded in the Dutch AEX index, where it garnered 7.46% of trading value. It also achieved a 5.92% share of France’s CAC index, and a 5.70% share of the UK’s FTSE index.
The MTF also announced that it had grabbed a market share of more than 20% in 17 of its stocks, more than 10% in 72 of its stocks, more than 5% in 148 of its stocks and more than 3% in 182 of its stocks. All Turquoise’s market share statistics include Chi-X and Nasdaq OMX Europe volume, and the primary market auction in the 280 stocks in Turquoise’s integrated market segment – the group of stocks that are tradable on the MTF’s displayed and non-displayed order books.
Turquoise began trading its full universe of 1,267 stocks on 29 August, and formally opened for business on 22 September.