Turquoise Europe has announced that it will extend the benefits of improved prices for both aggressive orders and passive ones to retail brokerages. This was confirmed by the LSEG. Quantitative trading firm Hudson River Trading as well as full-service brokerage Stiffel will be the first to use this service.
According to the LSEG, the service also aims to deliver the best outcomes possible for orders flagged by retail investors. This is achieved by a price-formation mechanism that utilizes the liquidity provided both by specialist retail liquidity provider and other market participants. Turquoise Europe offers this service to benefit both aggressive and passive orders.
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