LSEG (London Stock Exchange Group) today revealed the launch of a new trading service, Turquoise Retail Max.
Turquoise Retail Max is aimed at European retail brokers and is designed to help them meet their best execution needs and deliver price improvement for end retail investors when trading pan-European securities. The official announcement detailed that the new service is available through Turquoise Europe, the pan-European trading platform majority owned by LSEG in partnership with the user community.
Adam Wood, CEO, Turquoise Global, and Head of Equities Trading Commercial Proposition, LSE plc, said:
We are delighted to expand our trading services through Turquoise Retail Max™. For the first time, retail brokers will be able to achieve execution at primary market midpoint in a fully pre-trade transparent order book. Clients’ orders will benefit from a diverse source of liquidity, with competitive pricing through a traditional auction process. By placing retail investor orders at the centre of the price formation mechanism, the new service will assist retail brokers in achieving best execution.
