Post-acquisition, the acquired entity will be rebranded as ‘London Stock Exchange Derivatives Market’, and will trade as a unit of London Stock Exchange regulated market Recognized Investment Exchange (RIE).
Following completion of the transaction, Turquoise will remain operating as a pan-European cash equities multilateral trading facility (MTF).
London Stock Exchange Derivatives Market, a platform operating as part of a regulated market, will enable customers to enhance the effectiveness of their clearing and margin arrangements as per the needs under the European Market Infrastructure Regulation (EMIR).
Pending receipt of concerned regulators as well as satisfying certain customary closing conditions, the transaction is expected to complete during the fourth quarter of 2013.
London Stock Exchange Group, a diversified global exchange group manages a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe’s fixed income market; and the pan-European MTF, Turquoise.
The group delivers an array of real-time and reference data products, such as Sedol, Unavista, Proquote and RNS, as well as access to over 200,000 global equity, bond and alternative asset class indices, through LSEG’s index provider, FTSE.
