Turquoise looks to Europe to offset losses

Turquoise, the share trading platform, aims to capture 5-10% of pan-European share trading by the end of 2009 as it seeks to offset a dramatic loss of business after the expiry of marketmaking commitments from founding shareholders.

The company is one of a handful of new platforms to have emerged in the wake of Mifid , the EU directive that broke the monopolies of the region's incumbent exchanges and allowed competition in share trading.

ESO: Background information: Turquoise plans pan-European share service linking 'dark pools' http://www.europeansources.info/record/turquoise-plans-pan-european-share-service-linking-dark-pools/

Website: Turquoise http://www.tradeturquoise.com/

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