Turquoise Global Holding Limited (Turquoise) is introducing a new pricing promotion for the most liquid Spanish stocks.
Effective from 1 May 2012, the new promotion is designed in response to customer demand, and will be in place for six months.
The new pricing includes an increase in passive rebate on the six most liquid Spanish stocks, from 0.2 to 0.4 bps. There will also be a higher rebate of 0.5 bps awarded for incremental passive business above €120 million a month and the introduction of 0.2 bps take fee for aggressive business.
Adrian Farnham, CEO at Turquoise said: "We are delighted to introduce this new promotion to our customers, which will make Turquoise the most attractive venue for trading the six most liquid Spanish stocks.
"By concentrating liquidity and improving execution quality for all participants, we are committed to being at the forefront of the competitive landscape in Spain. We will continue to work closely with our customers, providing them with the most efficient and cost effective trading solutions in the region."