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Turquoise takes on Nyse Euronext with price promotion

04 February 2011  |  7425 views  |  0 Parliament Big ben London

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.

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