• 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.
“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.”