Friday April 25 2025
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: International
On 24th April 2025, London Stock Exchange Group (LSEG) announced the launch of a partnership between its trading platform Turquoise and US-based trading marketplace LeveL Markets, which operates the Luminex platform. Under the partnership, Turquoise will offer a new block Manual Conditional Order Type to buy-side and nominated broker members. The new order type will be accessible to buy-side trading desks through Luminex’s GUI and connects to nominated brokers on the Turquoise Plato Block Discovery trading service.
The Manual Conditional Order Type enables trading participants to have control over their larger block orders and to seek liquidity with reduced market impact by self-directing orders to Turquoise, allowing buy-side firms to find both buy-side and sell-side counterparties. The new offering is expected to go live in H2 2025, subject to regulatory approval.
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