Turquoise Global Holdings Limited and Plato Partnership Celebrate the Continued Success of Turquoise Plato™

London Stock Exchange Group welcomed yesterday Turquoise Global Holdings Limited and Plato Partnership for a Market Close Ceremony to celebrate the successful growth of our Turquoise Plato™ innovations designed in partnership with the industry.

Following a Cooperation Agreement with Plato Partnership in 2016, Turquoise rebranded its non-displayed services as Turquoise Plato™, including the award-winning Turquoise Plato Block Discovery™ and Turquoise Plato Uncross™. The agreement formally brings together for the first time buy-side, sell-side and trading venue to deliver increased efficiencies in anonymous European equity block trading.

Turquoise Plato™ participants have traded more than €1.3 trillion of equities since its launch and continue to set new records seeing the average daily turnover increase by +684%, as of May 2022, including €577.2 billion via Turquoise Plato Block Discovery™ alone. We also saw a record trade size of €27,047,425 in December 2021 which has nearly doubled since the largest trade in year one.

The partnership has seen several milestones in its lifetime, becoming the number one midpoint and electronic block trading dark pool for UK securities in 2017, just a year after signing, and winning The TRADE’s Leaders in Trading award for Outstanding Block Trading Venue in the same year. In 2018, Turquoise was featured, by invitation, in The Parliamentary Review highlighting best practise. Most recently, The TRADE and its clients chose Turquoise as ‘Outstanding Equities Trading Venue’ 2021.

About Turquoise Global Holdings Limited

Turquoise is a pan-European trading platform majority owned by London Stock Exchange Group. Turquoise offers a broad universe of approximately 4,300 stocks with uniform access to 19 major European and emerging markets as well as US stocks, IOB Depositary Receipts, ETFs and European Rights Issues - all through one interface and membership. In 2015, Turquoise won an intense selection process involving 20 exchanges (including Nasdaq & Euronext) and competitor MTFs by newly formed Plato Partnership, led by global investors (like Norges & BlackRock & Deutsche Asset), the not-for-profit company of buyside and sell-side collaborating to bring solutions and efficiencies to today’s complex equity markets. Turquoise prides itself on being the broadest and most competitive equity market in Europe.

About Plato Partnership

Plato Partnership, a not-for-profit industry group representing the buy and sell-side, has come together with a vision of improving market structure in Europe. The group’s key aims are to reduce trading costs, simplify market structure, and to act as a champion for end investors.

Central to this vision is Plato Partnership’s Market Structure Innovation Centre; a research fund which will sponsor academic research and analysis that will identify ever better ways of executing trades, as well as lowering the cost and improving the quality of the broad range of processes required to support the execution lifecycle.

Plato Partnership will work with industry partners to achieve its goals and objectives and put its research findings into practice.

Members of Plato Partnership include Axa Investment Managers, BlackRock, Deutsche Asset Management, Fidelity International, Franklin Templeton, Norges Bank Investment Management, Union Investment, Barclays, Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, and UBS.

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