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Turquoise Adds Euronext Growth Securities

Written by Shanny Basar | Sep 18, 2018 8:40:16 AM
  • New channel of execution for Euronext Growth instruments
  • Expands Turquoise’s broad universe of c. 4,500 stocks from 19 European countries to trading members
  • Reflects increased investor demand for trading small and mid-cap securities

Turquoise, a leading pan-European MTF, announces that Euronext Growth stocks are available to trade on its platforms from today. The extension of the service is a result of demand from Turquoise’s customers and reflects a growing appetite for efficient access to trade small and mid cap stocks from the institutional investor community.

https://twitter.com/tradeturquoise/status/1041623377872658432

Turquoise members, which include global banks, domestic brokers, specialist trading firms and retail intermediaries, now have access through a single connection to trade securities such as quoted on Euronext Growth. Clearing of the stocks will be available via LCH SA.

The addition of these securities to Turquoise expands the platform’s already broad universe of approximately 4,500 stocks across 19 major European markets. It also follows the addition of AIM UK 50 stocks to Turquoise in October 2017.

Investors trading these securities benefit from MiFID II compliant trading mechanisms, including Turquoise Plato Block Discovery™ and Turquoise Lit Auctions™.

Robert Barnes, CEO, Turquoise:
“Turquoise has a proud track record of innovation in partnership with our customers, supporting efficient capital markets.

“Further extending Turquoise’s universe of European stocks to incorporate Euronext Growth instruments gives our customers increased access to high-growth European SMEs. Through a single Turquoise workflow, members will be able to further diversify their portfolios, whilst benefitting from the same market innovations already available to them through Turquoise.”

Christophe Hemon, CEO, LCH SA:
“We are delighted to support this initiative. Clearing these instruments means that investors can now benefit from a choice where to execute their trades, while continuing to achieve enhanced risk management and efficiency associated with LCH SA.”

Source: London Stock Exchange