Turquoise is an equities trading platform (multilateral trading facility). It was one of the first such platforms in Europe, quickly becoming a leading player in the market. Turquoise offered investors a more efficient and liquid way to trade stocks, which helped improve the overall liquidity of the European equity markets.
Here is a brief overview of Turquoise:
|Headquarters:||London, United Kingdom|
|Industry:||Financial Services and Financial Markets|
|Owned By:||London Stock Exchange Group|
|Services:||Trading services, Stocks, Options and Future Derivatives|
|Specialties:||Pan-European Equity Trading MTF, Dark Pool, and Block Trading|
Turquoise was founded in 2008 and was owned by six major investment banks: Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, and JPMorgan Chase. These banks pooled their resources to create Turquoise, and they continue to be its significant shareholders. The goal was to offer dealing services at half the price of established exchanges.
In 2013, however, the platform was sold to London Stock Exchange (LSE) Group. LSE Group is now the sole owner of Turquoise. Turquoise is an equities trading platform that allows trading both on and off traditional exchanges. It is a hybrid system that combines the best features of traditional exchanges and modern electronic trading systems.
Turquoise Trading Platform’s headquarters is in London, United Kingdom.
They also have a European office in Amsterdam, Netherlands.
Their services span 20 countries; 19 in Europe and 1 in the US.
Turquoise is regulated by the Financial Conduct Authority (FCA) and is a member of the London Stock Exchange (LSE). The firm, based in New York City, NY, and has 20 branches across the United States and Europe, provides 4300 stocks from its 20 locations, including US equities, exchange-traded funds (ETFs), and European rights issues, depository receipts, and shares.
Turquoise offers a wide range of services, including:
- A central order book for all listed stocks
- Real-time streaming quotes and trade information
- Detailed market data and analytics
- An advanced matching engine that supports high-frequency trading
- A sophisticated risk management system
Since 2010, the MillenniumIT platform has powered Tradeweb Market Inc., which LSEG owns.
What are the benefits of using Turquoise?
Turquoise provides several advantages for users, including:
- Lower costs: Turquoise has lower fees than many other stock exchanges, making it more cost-effective to trade.
- Increased liquidity: The platform provides greater liquidity for UK shares, making buying and selling stocks easier.
- Faster trading: Turquoise's technology enables faster trade execution, meaning that trades can be completed more quickly.
- Flexibility: The platform offers a range of features and services that can be tailored to the needs of each user.
What are the risks of using Turquoise?
Like any stock exchange, there are some risks associated with using Turquoise. These include:
- Market risk: The prices of shares can go up or down, so there is always the potential to lose money when trading on Turquoise.
- Liquidity risk: There may not always be enough buyers or sellers available to match trades, making buying or selling shares difficult.
- Technology risk: The platform relies on technology to operate, so there is a risk that technical problems could disrupt trading.
The London Stock Exchange Group owns and manages Tradeweb Market, with approximately 11 to 50 employees.
You can find support for your inquiries on this website: https://www.lseg.com/markets-products-and-services/our-markets/turquoise/contact-us.
You can also call them at their London office at +44 (0) 20 7382 7600.
Or the Amsterdam office at +31 (0) 20 225 5049.