be updated . please update this article to reflect recent events or newly available information . may 2009 turquoise type multilateral trading facility location london united kingdom founded 2008 owner london stock exchange group website http www.tradeturquoise.com turquoise is an equities trading platform multilateral trading facility or mtf created by nine major investment banks in 2008 . the aim was to provide dealing services at a 50 % discount to traditional exchanges . 1 it is a hybrid system that allows trading both on and off traditional exchanges . 2 the system was advertised as a pan european platform based in london . 1 contents 1 history 2 see also 3 notes 4 external links history edit it was set up by a consortium of banks made up of bnp paribas citi credit suisse deutsche bank goldman sachs merrill lynch morgan stanley soci t g n rale and ubs . the group selected euroccp to provide clearing and settlement services . 3 4 the group selected sweden s cinnober as its trading platform . turquoise developed a real time market surveillance system to capture breaches of trading rules and root out market irregularities . the system is based on the progress apama complex event processing platform . 5 turquoise was successfully launched on 15 august 2008 . 6 turquoise uses quanthouse as low latency market data feed for its platform . 7 on 21 december 2009 the london stock exchange group agreed to take a 60 % stake in trading platform turquoise which had a 7 % share of the market . turquoise was merged with the lse s trading facility baikal global . 8 on 4 october 2010 turquoise migrated to millenniumit platform . 9 the next day internal technical problems discovered overnight forced the exchange to postpone the system s opening until 9 15am . 10 the system was out of service for 2 hours on 2 november 2010 . the london stock exchange said preliminary investigations indicate that this human error may have occurred in suspicious circumstances . 11 turquoise 12 has expanded to include the trading of option and future derivatives with its new electronic sola trading 13 derivatives platform launched june 6 2011 started with the addition of ftse index 100 futures contracts and has expanded to have ftse 100 options contracts on september 26 2011 . 14 this fast growing high speed exchange has been recognized as the award winner of the best new derivatives trading platform service by the financial news awards for excellence in trading and technology europe 2011 . 15 since 30 september 2013 turquoise derivatives business was acquired by london stock exchange plc. 16 on 20 october 2014 turquoise launched block discovery service to enable participants trading large orders by matching block indications . 17 18 the service won most innovative trading service at trading & technology awards 2015 . 19 in may 2016 turquoise announced plans to extend dark pool to czech poland hungary . 20 see also edit chi x europe london international financial futures and options exchange euronext nyse euronext notes edit a b bland ben 2007 05 29 . analysts divided over trading threat to lse . the daily telegraph . cohen norma 2007 05 24 . dark pools emerge in project turquoise . ft.com . retrieved 2007 05 29 . project turquoise banks select euroccp for clearing and settlement . finextra.com . 2007 04 18 . retrieved 2007 05 29 . project turquoise appoints euroccp and citigroup as its clearing and settlement agents . thetradenews.com . turquoise exchange goes live with progress apama . business wire . 2008 09 17 . retrieved 2009 05 14 . angelica mari 15 august 2009 . turquoise trading platform goes live . computing . incisive media ltd. retrieved 22 december 2009 . turquoise chooses quanthouse low latency market data feed for its integrated trading platform . www.quanthouse.com . retrieved 2016 05 15 . lse reveals takeover of turquoise . bbc news . 21 december 2009 . retrieved 22 december 2009 . grant jeremy 2010 10 11 . lse claims quickest trading speed . financial times . issn 0307 1766 . retrieved 2016 05 09 . turquoise screens go black after it glitch . the independent . 2010 10 05 . retrieved 2016 05 09 . lse says human error caused turquoise outage . finextra research . 2011 01 11 . retrieved 2016 05 09 . tradeturquoise.com april 11 2011 source 10 sola homepage source 2 tradeturquoise.com september 26 2011 source 11 financial news events tuesday october 4 2011 source 12 . turquoise derivatives market notice 16 september 2013 https www.fca.org.uk static documents market notice turquoise derivatives.pdf retrieved 20 04 2015 brokers back new turquoise block discovery service . ftse global markets . retrieved 2016 05 15 . administrator . turquoise launches block discovery and goes live with seven major brokers . www.exactprosystems.com . retrieved 2016 05 15 . winners 2015 financial news awards for excellence trading and tech fn trading & technology awards 2015 . tt.efnevents.com . retrieved 2016 05 15 . turquoise plans to extend dark pool to czech poland hungary . reuters . 2016 05 13 . retrieved 2016 05 15 . external links edit turquoise official site this business related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title turquoise trading platform & oldid 742558221 categories electronic trading platformsfinancial marketsstock exchanges in the united kingdomlondon stock exchangebusiness stubshidden categories wikipedia articles in need of updating from may 2009all wikipedia articles in need of updatingall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage 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