The Asian Banker

LSE to acquire Turquoise Derivatives
Jul 08, 2013

July 3rd 2013 - London Stock Exchange plc has entered into an agreement to acquire Turquoise Derivatives (the Transaction), the derivatives business of Turquoise Global Holdings Limited (Turquoise).

The platform, which will be renamed ‘London Stock Exchange Derivatives Market’, will continue to operate as it currently does, but as part of a Regulated Market of a Recognised Investment Exchange (RIE). Turquoise will continue to operate a pan-European cash equities multilateral trading facility (MTF).

As a platform operated as part of a Regulated Market, London Stock Exchange Derivatives Market will allow customers to improve the efficiency of their clearing and margin arrangements in light of the requirements under the European Market Infrastructure Regulation (EMIR).

Completion of the Transaction, which is subject to certain conditions, including regulatory non-objections, is expected to take place during Q4 2013.


Re-disseminated by The Asian Banker

Categories: Markets & Exchanges
Keywords: LSE, Turquoise Derivatives

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