Turquoise takes on Nyse Euronext with price promotion
04 February 2011 | 7362 views | 0
London Stock Exchange-owned MTF Turquoise has made a play for Nyse Euronext business with a six month pricing promotion on stocks listed on its rival.
From 1 March, Turquoise will reduce the fee for aggressive trading in all Nyse Euronext European instruments on Turquoise from 0.3 basis points to 0.25 basis points.
Natan Tiefenbrun, commercial director, Turquoise, says: "Following recent market changes, and in response to client feedback, we have reduced our take-fee for all Euronext stocks traded on Turquoise."
The LSE acquired a controlling stake in Turquoise from its bank owners in 2009, merging the pan-European equity trading platform with its Baikal dark pool.