Turquoise to Begin Depositary Receipt Trading

Turquoise announced it will begin trading in depositary receipts this October.

Trading in the ten most liquid securities is to begin on October 2 and the full service set to launch on October 16 with 120 of the most heavily traded securities on the Turquoise MTF. Clearing will be provided through EuroCCP.

In a statement, Eli Lederman, Turquoise chief executive, said, “Turquoise is pleased to be bringing its greater efficiency to another area of the equities market: depositary receipts. Members will be able to execute, clear and settle their transactions on the Turquoise MTF as they would with any other European equity, utilizing our competitive pricing schedule, robust technology and fully risk-managed clearing solutions.”