In just over a month now, Turquoise has added members, market-making, eleven more countries and trading in just under 1300 stocks. Turquoise is regularly executing €1-2 billion per day, and accounting for more than 2% of trading in the 270 most liquid stocks in their coverage area, and more than 5% market share in 90+ stocks.
Under the Markets in Financial Instruments Directive (MiFID), trading in Europe is undergoing a period of rapid transformation, and Turquoise represents a new generation of trading platforms. By offering trading at Turquoise and over 30 other global marketplaces, Neonet offers its clients the combination of deep global liquidity across the traditional marketplaces with access to the new competitive markets.
Neonet XG is proud to also provide Turquoise with low-latency, real time market data from across the European equity markets through Neonet’s XG Market Data.
Neonet was one of the first to announce its ambition to offer trading at Turquoise. At the time of our press announcement Eli Lederman, Chief Executive of Turquoise said: ”Our integration with European trading platforms represents a central tenet of our launch and ongoing operations, post-launch. Through Neonet we gain access to important segments of the trading community, and Neonet users will benefit from the full, differentiated functionality of Turquoise."