Turquoise, a new multilateral trading facility rival to European exchanges, is set to launch limited live trading on August 15.
Backed by some of the most powerful investment banks, the MTF plans to hit the ground running, with 60 to 80 clients at launch and liquidity commitments from its nine shareholders.
It also plans a rapid roll-out of the full 1,500 securities across 14 markets that it plans to trade over just three weeks, compared with the more gradual approach of rival MTF Chi-X, which has been adding markets gradually since launching 15 months ago.
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