Turquoise Plato™ Venue Data
February 2023
Turquoise Plato™
Turquoise Plato Block Discovery™ €656.6bn matched since 2014 launch to end-February 2023 of which €652.8bn 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 €18.4bn in February 2023, of which 44% via Turquoise Plato Block Discovery™
TRQM - FCA Regulated Turquoise
Turquoise Plato™ Monthly value traded equalled €6.7bn in February 2023, of which 46% via Turquoise Plato Block Discovery™
Turquoise Plato Block Discovery™ maximum trade size for all trades in February 2023 was €9.5mn
Turquoise Plato Block Discovery™ average trade size for MiFID II ESMA Band 8 and 9 blue chips above LIS was €1.3mn in February 2023
Turquoise Plato Block Discovery™ average trade size for all trades in February 2023 was €331.3k
TQEM - AFM Regulated Turquoise Europe
Turquoise Plato™ Monthly value traded equalled €11.7bn in February 2023, of which 42% via Turquoise Plato Block Discovery™
Turquoise Plato Block Discovery™ maximum trade size for all trades in February 2023 was €13.2mn
Turquoise Plato Block Discovery™ average trade size for MiFID II ESMA Band 8 and 9 blue chips above LIS was €1.3mn in February 2023
Turquoise Plato Block Discovery™ average trade size for all trades in February 2023 was €340.4k
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 February 2023 data, only 0.15% 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 €1,161mn in February 2023
TRQA - FCA Regulated Turquoise
Turquoise Plato Lit Auctions™ overall Monthly value traded in February 2023 totalled €565mn
TQEA - AFM Regulated Turquoise Europe
Turquoise Plato Lit Auctions™ overall Monthly value traded in February 2023 totalled €596mn
Moreover, on LSE, we would like to share with you the following points:
Monthly value traded involving LSE hidden LIS orders reached £759.5mn for the month of February 2023