Turquoise Plato Block Discovery Celebrates Third Anniversary

Larger anonymous block orders can be traded in compliance with MiFID II.

Turquoise today celebrates three years since the launch of Turquoise Plato Block Discovery™

There are now 3 years of empirical data showcasing a MiFID II compliant mechanism for executing larger anonymous block orders

+ Over  €43bn: traded since launch, of which 91% since the signing of the Cooperation Agreement with Plato Partnership in Sept 2016.
€767,000: Average Trade Size for trades above Large In Scale
€1 million: Average Trade Size for ESMA 5  Blue Chips above 100%LIS
Turquoise Plato Block Discovery™ has been breaking new records this year

·         €15.5m: Maximum Trade Size in BASF

·         €435m: Record Daily Value Traded (17 July 2017); which is equivalent to the total value traded during the first 8 months of service

·         €1.7bn: Record Weekly Value Traded (11-15 Sept); which is equivalent to the total value traded during the first 17 months of service

·         €6bn: Record Monthly Value Traded (September 2017); which is equivalent to the total value traded during the first 2 years of service

Paul Squires, Global Head of Trading and Securities Financing at AXA Investment Managers/ Plato Partnership Member, said: “Ensuring we get ahead of the curve to provide the market with solutions that will drive genuine utility is absolutely central to Plato Partnership’s values, and the third anniversary of Turquoise Plato Block Discovery has demonstrated this success. With a track record of customer engagement and innovation through listening and executing the very implementations requested by us the customers, we look forward to continuing the journey towards greater cooperation among different stakeholders to improve market structures.”

Nej D’jelal, Plato Co-Chair and Managing Director, Head of Electronic Equities Product, EMEA, Barclays, said: “The third anniversary of the creation of the Turquoise Plato Block Discovery™ marks a substantial and exciting milestone for the industry, and we have seen huge strides towards improving European equity markets in the interests of end investors. Turquoise Plato™ is a collective effort from the investment community, and we hope to see continued success in developing and enhancing the future of equity markets.”

Source: London Stock Exchange Group

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