The London Stock Exchange is launching equity derivatives on its pan-European multilateral trading facility Turquoise, “starting with FTSE futures”. The service will be ready for 2011, the LSE announced.
year Xavier Rolet, chief executive officer, announced his
intention to boost the LSE’s presence in equity
derivatives. "Moving equity derivatives on to Turquoise is a
good move, and will introduce more competition," said Rolet.
LSE officials said significant project work was already taking
place to expand derivatives trading.
Chief executive of Turquoise David Lester
said: "We’re in partnership with 12 banks... the
key is to shift liquidity. By Q2 next year, the Turquoise
trading engine will be in place." Turquoise was acquired by the
LSE in 2009, the second largest acquisition the LSE has made
with Rolet in charge, after the acquisition of Sri Lankan
technology firm MillenniumIT.
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