LCH.Clearnet Ltd will offer clearing services to Turquoise across all its traded securities. Turquoise, an independent pan-European equity trading platform founded by nine of the world’s largest investment banks, through its multilateral trading facility (MTF) allows its trading firms access to securities traded in 15 European countries.
Turquoise operates an integrated model that combines dark & visible orders to increase execution and price movement, whilst minimizing information leakage.
LCH.Clearnet will offer clearing services to Turquoise through its EquityClear® service, whereby Clearing Members will benefit from margin offsets and collateral efficiencies from centralised clearing. Also members will benefit from reduced clearing costs with increased volumes through the member specific incremental tariff.
For further information relating to products and services Turquoise offer please access their website. http://www.tradeturquoise.com
Section 2D - EquityClear and EquityClear for SIX Swiss Exchange
11 February - Margin Parameters - Cash
08 February - LCH.Clearnet and SIX x-clear publish interoperability summary
29 January - Cash Markets
31 December - SecFinex
09 December - LCH.Clearnet to clear Irish Securities for BATS Europe
Ian MacKenzie - Customer Relationship Manager
Tel: + 44 (0)20 7426 7265
e-mail: ian.mackenzie@lchclearnet.com
Wayne Eagle - Director, EquityClear
Tel: + 44 (0)20 7426 7038
e-mail: wayne.eagle@lchclearnet.com