Turquoise is set to cut the cost of its trading fees, aiming rebates at high-volume traders.
Traders must execute a certain number of trades in a calendar month to qualify for the rebates – a bid to attract more volume to the platform.
“The next phase of competition among European trading platforms will focus on costs, value and innovative new services, and Turquoise is uniquely positioned to lead in each of these. We’re pleased to be able to offer Turquoise members these new prices, and we expect the value we offer to attract considerable new liquidity to our MTF to the benefit of our entire trading community,” says Eli Lederman, Turquoise chief executive.
“We have modern, flexible technology with superior performance and functionality and a business model that scales efficiently. Higher market share in the visible market translates to better liquidity and execution performance for members’ dark orders. Our dark order business continues to develop well and the liquidity aggregation service we announced in December will, similarly, provide member benefits while diversifying our revenue stream,” he says.
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