Turquoise adds ETCs

Source: Turquoise

Turquoise, the pan-European equity trading services company, today announced that it will extend its service to include six Exchange Traded Commodities (ETCs) to trade via its MTF platform.

The series of six new ETCs, tracking the performance of physical gold and silver, as well as gold bullion indices, will be available to Turquoise members from 13 November, 2009. Members will be able to execute, clear and settle their transactions on the Turquoise MTF, whilst clearing will be provided through EuroCCP.

Eli Lederman, Turquoise Chief Executive, commented: "Turquoise is delighted to offer ETCs to our members, particularly at this time of such widespread interest in the underlying commodities. ETCs will trade under the same competitive pricing schedule, robust technology and fully risk-managed clearing solutions as the rest of our product offering. As with our recent introduction of Depository Receipts, ETCs represent a natural extension to our service. Members will benefit from great economics and simpler access to these instruments and the exposures they represent."

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