September 2011 sees the launch of the Turquoise FTSE Index Options. Following the successful launch of the Turquoise FTSE Futures in June, this is the second UK offering, , and is the next stage of the platform.s development as we move towards offering a full suite of competitive pan-European derivatives.

The Turquoise FTSE Futures contract was the first derivatives contract in Europe to employ a Maker-Taker tariff and offer direct competition on a benchmark European index. The Maker-Taker tariff enables those members posting passive liquidity to benefit from a rebate, rather than a fee, on every trade executed.

Turquoise FTSE Index Options will deliver attractive on screen liquidity through the implementation of an efficient market making scheme, which will provide narrower spreads and greater order size to trade against.

With significant cost reduction in trading and clearing fees, latency improvement and an increasing product range to allow margin offset efficiencies as well as infrastructural synergies for Turquoise Cash and London Stock Exchange members, Turquoise´s UK offering is well positioned to present members with new opportunities in trading derivatives within an involving European regulatory landscape.