Equiduct: evolutionary leapfrog
Euro Millennium: exporting US expertise
Of all the MTFs planning to launch in 2008, probably none will be more closely watched than Turquoise, the venture backed by a consortium of nine leading investment banks: BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Société Générale and UBS.
Although it looked for some time as if Tortoise might be a more apt name than Turquoise, given the project’s slow start, the transformation of the consortium into a private company and the appointment of a chief executive have added some vigour.
Turquoise plans to build a high-speed, high-capacity open order book system that’s tightly integrated with a separate anonymous, non-displayed dark pool.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
