Interdin joins Turquoise as new member firm

- 2nd Spanish member firm on Turquoise
- 17th new member for Turquoise in 2012
- Confirms continued interest in trading European equities on Turquoise


Turquoise Global Holding Limited (Turquoise), the pan-European multilateral trading facility (MTF), today welcomes Interdin as a new member firm on its cash equities market. Interdin is the second Spanish firm with access to the platform, and Turquoise’s 17th new member firm of 2012.

Adrian Farnham, CEO at Turquoise, said:

“Interdin’s membership puts Turquoise in a good position as competition in Spain starts to open up. This is complemented by our price promotion on Spanish equities which has seen good uptake since it began earlier this year.

“A large variety of participants is crucial to ensure liquidity, tight spreads and competitive pricing for investors, and we continue to sign up new members at an encouraging rate.”

Jose Luis Diaz-Rio, Managing Director at Interdin, said:

“Joining Turquoise is in line with our connection to new alternative venues, and part of the natural evolution of our financial services supported by the latest available technology. Our goal is always to offer our customers the best service, completing our global services with the best execution and greatest possible liquidity.”

Turquoise offers lit and dark trading in around 2,000 stocks, depositary receipts and ETFs across 19 countries in Europe and the US. Last year, 106 million trades worth €453.8 billion were carried out on Turquoise’s integrated order book, annual increases of 86 per cent and 68 per cent respectively.

Notes to editors:

About Turquoise Global Holdings Limited:

Turquoise Global Holdings Limited (“TGHL”) is an investment firm authorised by the Financial Services Authority (FSA) of the United Kingdom. Majority owned by London Stock Exchange Group (LSEG), its shareholders also include twelve leading investment banks.

TGHL operates a multilateral trading facility (“Turquoise”) with two distinct trading platforms; Turquoise Equities and Turquoise Derivatives. Turquoise Equities offers lit and dark trading services in some 2,000 securities (including equities, ETFs, GDRs and ADRs) across 19 countries in Europe and the United States. Turquoise Derivatives offers trading of single stock, index and dividend derivatives based on pan-European and International Order Book (IOB) equities.

TQ Lens, Turquoise’s liquidity aggregation service facilitates smart order routing by parsing incoming orders and distributing them according to a series of sophisticated algorithms to otherwise inaccessible, fragmented liquidity sources.

Users of the Turquoise MTF and TQ Lens benefit from fully risk-managed clearing solutions, and industry-leading market surveillance to ensure fair and orderly operations.

Membership is uniformly open to qualified firms, with members today ranging from the largest global banks and brokers to institutions with local, regional and sector focus, and specialist trading and market-making firms.

For more information, please visit www.tradeturquoise.com