LSEG’s pan -European equities trading venue, Turquoise, has issued a market notice on Brexit contingency planning. The following is extracted from the notice:

Turquoise can confirm that it is planning on invoking its Brexit contingency plans on Monday 30 November 2020, unless relevant equivalence decisions to allow cross-border services between the EU and UK are agreed prior to this date. The final go-live decision will be confirmed in due course. In the event Turquoise invokes its Brexit contingency plans, the following will occur:

– European Economic Area (EEA) securities will be made available for trading on the MTF operated by Turquoise Global Holdings Europe B.V. (“TGHE” or “Turquoise Europe”), on Monday 30 November 2020.

– The current instrument universe will continue to be available for trading on the MTF operated by Turquoise Global Holdings Limited (“TGHL” or “Turquoise UK”); and

– Both Turquoise Europe and Turquoise UK will operate the following independent Order Books from Monday 30 November 2020: Turquoise Lit™, TurquoisePlato™ (including Turquoise Plato Block Discovery™ and Turquoise Plato Dark-Lit Sweep™), Turquoise Plato Lit Auctions™. Turquoise Plato Trade At Last™ will launch on Turquoise UK on 19 October 2020 with the intention to launch the same service through an independent Order Book on Turquoise Europe at a later date, subject to regulatory approvals.

Source: LSEG