Proquote offers direct connection to Turquoise

  • Facilitates order book trading in more than 4,000 securities
  • Allows investment firms and retail intermediaries to trade a stock universe from 18 European countries
  • Customers can utilise their existing FIX 4.2 trading interface
  • Level 2 data added

Proquote, London Stock Exchange’s market data and trading system for intermediaries today announces a direct connection to Turquoise, the European Multilateral Trading Facility (MTF), giving investors access to over 4,000 shares, Depository Receipts, and ETFs admitted to trading from 18 European countries. The new connection requires no infrastructure upgrade for existing customers, with the Proquote Trading Platform FIX 4.2 interface seamlessly transitioning to Turquoise’s FIX 5.0.

Proquote has also added Level 2 market data for Turquoise, offering a low cost data feed for investors, which provides the full depth of the order book.  The Proquote FIX 4.2 interface integrates with a client’s Order Management Systems or On Line Dealing Platform for electronic trading. The new connection will also allow non-members to route Turquoise orders via one of the many sell side brokers that are already part of Proquote’s extensive order routing network.   

David Tibbetts, Head of Proquote said: “Proquote already offers private and professional investors trading in a wide range of markets and asset-classes. This agreement with Turquoise extends the number of securities we offer for trading through our platform, providing a one-stop-shop for retail investors looking to diversify their portfolios through European investments.”

Robert Barnes, Chief Executive, Turquoise said: “We are delighted Proquote has enhanced its offering with access to Turquoise lit and dark order books, raising visibility and widening liquidity through a diverse range of participants. This adds to our continued drive to improve efficiencies in the European capital markets.”

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For further information:

Ed Clark - 020 7797 1222

newsroom@lseg.com

Notes to editors:

About Proquote

Proquote, which processes over £4 billion of retail trading activity every month, offers multi-asset trading via a single point of connection, allowing customers to manage costs by specifying the venues and connectivity options that best suits their business requirements.

Proquote is also a leading, cost effective global market data provider, offering real-time news and analysis from over 100 markets. Proquote's extensive coverage includes data on equities, futures and options, commodities, metals and derivatives, and features comprehensive analytical and charting tools.

About Turquoise

Turquoise is the European equities multilateral trading facility majority owned by London Stock Exchange Group in partnership with the user community. Turquoise provides members with a single connection to trade shares, depository receipts and exchange traded funds of 18 European countries with an efficient trading and interoperable post-trade model that delivers economies of scale. Members include banks, brokers, specialist trading firms and retail intermediaries.

About London Stock Exchange Group

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including SEDOL, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 40 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at www.lseg.com.