Venue data

September 2021

Turquoise Plato™ 

Turquoise Plato Block Discovery™ €495.7bn matched since 2014 launch to end-August 2021 of which €492.0bn or 99% traded since September 2016 cooperation announced with Plato Partnership.

Turquoise Plato Trade At Last™ launched on 19 October 2020.

Turquoise Plato™ overall Monthly value traded equalled €24.8bn in September 2021, of which 41% via Turquoise Plato Block Discovery™

TRQM – FCA regulated Turquoise

Turquoise Plato™ Monthly value traded equalled €9.3bn in September 2021, of which 43% via Turquoise Plato Block Discovery™

Turquoise Plato Block Discovery™ maximum trade sizefor all trades in September 2021 was €21.8mn                                                                                                                                                                                                                                       

Turquoise Plato Block Discovery™ average trade size for MiFID II ESMA Band 8 and 9 blue chips above LIS was €1.2mn in September 2021

Turquoise Plato Block Discovery™ average trade size for all trades in September 2021 was €243K

TQEM – AFM regulated Turquoise Europe

Turquoise Plato™ Monthly value traded equalled €15.5bn in September 2021, of which 41% via Turquoise Plato Block Discovery™

Turquoise Plato Block Discovery™ maximum trade sizefor all trades in September 2021 was €18.8mn                                                                                                                                                                                                                                          

Turquoise Plato Block Discovery™ average trade size for MiFID II ESMA Band 8 and 9 blue chips above LIS was €1.3mn in September 2021
Turquoise Plato Block Discovery™ 
average trade size for all trades in September 2021 was €397K

Turquoise Plato Lit Auctions™

Industry leading quality of execution evidenced by independent performance analytic firm big xyt

Unique liquidity available 

  • in UK and European symbols
  • in UK AIM Securities 
  • in International Order Book segment, including Shanghai Segment of IOB, e.g. Huatai Securities = the first issuance via Shanghai-London Stock Connect

Effective 13 July 2020, members can use an enhanced Good For Auction (GFA) order-type into Turquoise Plato Lit Auctions™ adding significant workflow benefit. The GFA order will bring frequent batch auctions into more agile, opportunistic and liquidity seeking routing logic, whilst preserving the demonstratable execution quality associated with Turquoise Plato Lit Auctions™ (TRQA/TQEA MIC). When sent to Turquoise Plato Lit Auctions™, a GFA order will either trigger a new auction event or join a live ongoing auction if it meets with suitable contra-liquidity, if no suitable contra-liquidity is met it will be cancelled immediately back to the sender. Turquoise members, therefore, can use this new GFA order proactively to search for liquidity within Turquoise Plato Lit Auctions™ with absolute minimal latency, and subsequently an improved risk return profile when seeking unique liquidity across the European market landscape. The use of price limits when sending GFA orders further enhances the TRQA proposition as a highly efficient destination in the search for liquidity both at and away from midpoint. All that is required to access this functionality is a simple change in the Time In Force (TIF) from DAY to GFA.

Turquoise Plato Lit Auctions™ is truly multilateral in nature, looking at September data, only 0.14% of total activity occurred when the same counterparty was on both sides, both orders were received within 100ms AND the order sizes were the same on both the buy and sell.

Turquoise Plato Lit Auctions™ overall Monthly value traded equalled €1,017.4mn in September 2021

TRQA – FCA regulated Turquoise

Turquoise Plato Lit Auctions™ euro value traded in September 2021 totalled €610.2mn

TQEA  – AFM regulated Turquoise Europe

Turquoise Plato Lit Auctions™ euro value traded in September 2021 totalled €407.2mn