Plato Partnership enters Cooperation Agreement with Turquoise
How will the Cooperation Agreement work?
The Cooperation Agreement works as follows:
Both the buy-side and sell-side members of Plato Partnership have a common objective to ensure a rational market structure for block trading under MiFID II, and collectively believe this would be best served via collaboration with existing venues.
Turquoise offers a broad universe of 4,300 stocks with uniform access to 19 major European and emerging markets as well as US stocks, IOB Depositary Receipts, ETFs and European Rights issues all through one interface and membership.
Turquoise comprise two discrete order books, Turquoise Integrated Order Book and Turquoise Plato™. Members benefit from access to significant institutional liquidity from our investment bank shareholders and from a diverse list of participants, including global banks and investment firms, institutions with regional focus and specialist trading and market-making firms. Use of existing London Stock Exchange networks, optimal co-location facilities, resources and processes minimises setup and development costs.
Turquoise supports a three-way interoperable clearing model, providing members with flexibility in choosing the most efficient clearing solution for their business.