On 4 January 2021 as the Brexit transition period came to an end, €6 billion of trading volumes left London. Annabel Smith examines the impact of this and asks what the future holds for the industry.
As the UK and Switzerland agree stock exchange equivalence, LSEG's Turquoise confirms the relaunch of Swiss securities on the trading venue.
LSEG confirmed Turquoise Europe would go live on 30 November unless relevant equivalence decisions between the EU and UK are agreed upon.
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.