Blowing Our own Trumpet

CESR has just published their Technical Advice on the MiFID Review - so I'll probably have something to say once I've digested the 162 pages. But in the meantime, here is the text of the Press Release we issued this morning.

Turquoise number one MTF dark pool for second month running

• July dark volumes show Turquoise extending lead ahead of competitors
• Lit pool also showing steady growth – now 2nd largest MTF for majority of stocks listed
  

Turquoise’s pan-European mid-point book looks set to remain the largest MTF dark pool for the second month running, extending its lead over its nearest competitor during July as the number of active participants continued to grow. According to statistics from Thomson Reuters, it is the only dark MTF to have exceeded €4 billion of traded value in Stoxx600 Europe constituents for the month to date, and is on track to beat its record performance in June despite lower overall market volumes during July.

David Lester, CEO of Turquoise, said:

“We are grateful for the support of our clients in driving the success of our mid-point book. Clients are responding to the growing pool of liquidity and expressing their support for our functionality roadmap which will offer participants greater control and choice when trading in our dark pool. ”

Turquoise has also seen steady growth in its lit pan-European order books, especially pronounced in mid and small cap segments where it has become the second largest MTF for the significant majority of stocks.

David Lester added:

“With growing and diverse liquidity in both our order books, we have positive momentum leading up to the launch of our new trading platform. Given the number of clients and prospects actively testing the new system, we expect the growth to continue once we switch over to Millennium Exchange in October.”

Chart - Mid-point Book Consideration Traded by Month