Turquoise´s derivatives offer Member firms new and innovative features in addition to the highly successful market models used for its existing Norwegian and IOB business developed alongside Members.

—	Recognised system: Robust and ultra-fast SOLA platform developed by TMX Group and currently used on BOX, Montreal Exchange, IDEM and Turquoise Derivatives.
—	Performance: Average response time of 690 microseconds (orders) and 870 microseconds (bulk quotes) makes SOLA one of the fastest derivatives platforms in the world.
—	Unique trading opportunities: Matching engine in the same data-centre as those for LSE and Turquoise cash markets creates a unique latency arbitrage opportunity across UK and Pan-European cash and derivatives markets.
—	Setup cost: No membership fee and leveraging of existing LSEG networks, resources and processes minimises (and in some cases eliminates) setup and development costs.
—	Fees: Intelligent, tailored and competitive fee models on a product basis. Introduction of maker-taker based pricing means that, for the first time in Europe, rebates on passive derivatives flow can be accrued. Significant reductions on aggressive trade fees.
—	Clearing and margining: With its IOB offering and cooperation with Oslo Børs, Turquoise is already "Primary-market" on multiple markets. Combined with upcoming Pan-European index and stock contracts, Members can improve operational efficiency and net margin payments across geographies, all though one clearer - LCH.Clearnet.

Turquoise derivatives product overview
	Single Stock	Index	Dividend
Norway	Futures and options on the Norwegian stocks	Futures and options on OBX
Russia and IOB	Futures and options on the most liquid IOB DRs¹	Futures and options on FTSE RIOB	Futures on the most liquid IOB DRs¹
Pan-European²	Futures and options on the most liquid European single stock underlyings	Futures and options on European benchmark indices
UK	Futures and options on FTSE100 constituents²	Futures and options; on FTSE 100