Several banks will provide access to trade the FTSE 100 Futures contract on Turquoise Derivatives trading platform when it launches on 6th June 2011.
Those banks that have confirmed they will provide day one access include: Bank of America Merrill Lynch, Barclays Capital, Citigroup Global Markets Limited, Credit Suisse, Goldman Sachs, J.P. Morgan, Nomura and UBS.
In addition, a number of liquidity partners will provide liquidity from the start of trading.
Adrian Farnham, CEO at Turquoise said:
“We are delighted to have the support of a number of banks and liquidity partners who share our vision of introducing a more competitive and open market for trading Equity Derivatives in Europe.”
“Not only will our clients benefit from our innovative pricing model and reduced clearing fees but by using an established model, with existing trading and clearing infrastructure, it will be simple for firms to trade FTSE Futures on Turquoise. We have also engaged with all the important software vendors and clearing members to make this as seamless as possible for our clients.”
FTSE100 Futures traded on the Turquoise derivatives platform were approved by the FSA on the 01st June 2011.