Turquoise Derivatives Unveils FTSE Index Options

Turquoise, the London Stock Exchange's pan-European equity trading unit, announced the debut of FTSE index options on its derivatives platform.

The firm said three market makers have committed to providing liquidity for Turquoise Derivatives, including Citigroup and securities trading firm Tibra Trading Europe Ltd. Turquoise said its derivatives operation aims to provide tighter spreads and enhanced order-size availability for swaps traders, along with a more attractive fee structure.

"We are seeking to challenge the dominance of traditional venues and are positioning ourselves to take advantage of regulatory change that promotes an open and competitive environment," Turquoise Chief Executive Adrian Farnham said in a statement. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio