Overview of Turquoise

Turquoise operates uniformly across European and US markets with a unique market model, a fully risk-managed clearing solution and efficient economics.

The TQ Integrated Order Book combines visible and non-displayed orders to deliver an increased likelihood of execution and provide price improvement for small orders, whilst minimising information leakage and market impact for larger, institutional-size orders.

The TQ Dark Midpoint Order Book is a non-displayed Price-referencing Order Book offering unmatched flexibility and control.

The TQ LENS aggregation service provides a single point of access to non-displayed block liquidity residing within brokers, and at trading facilities providing non-displayed execution services.

Sponsored Access allows Turquoise Participants to provide direct trading access to non-Participants through their membership, with the assistance of risk control mechanisms.

Turquoise provides market access to 19 European and US markets, supporting the trading of securities, ETFs and ADRs.