TurquoiseTM , the European multilateral trading facility featuring the award winning innovation Turquoise Block DiscoveryTM , and TrackInsightTM , the independent pan-European ETF selection and monitoring platform operated by Koris International, have joined forces to offer a new service to build institutional liquidity in leading European ETFs.
The new Turquoise TrackInsightTM ETF trading segment will create a home for the highest rated European ETFs (funds rated three stars or more by TrackInsightTM ) and foster liquidity through market making arrangements and the involvement of Europe’s largest ETF investors. The aim is to offer, in a single venue, both a best selection and best execution framework as demonstrated by undisputable quantitative metrics.
With ETFs set to become MiFID II securities, the need to demonstrate Best Execution and the ability to trade at Large in Scale will become essential for market participants.
Turquoise TrackInsightTM will offer an on order book trading segment featuring TrackInsights best rated funds as well as a Best Execution workflow with pan European coverage, allowing firms to access a lit order book and Turquoises dark pool innovations, Turquoise UncrossTM and the award winning Turquoise Block DiscoveryTM .
Robert Barnes, CEO TurquoiseTM , said:
“We are delighted investment advisory firm Koris International selected Turquoise for its innovation and customer engagement. Turquoise TrackInsightTM ETF trading segment is another example of serving customer needs ahead of MiFID2.”
TrackInsightTM is the first pan European independent platform for ETF selection
- The solution is specific to the ETF segment, built by and for investors that trade ETFs in size
- TrackInsightTM provides full and undisputed transparency on ETF tracking quality (performance relative to the benchmark) based on pure quantitative metrics.
- TrackInsightTM provides independent, free and non-solicited ratings based on proprietary analytics, with a fully transparent quantitative methodology.
- The platform is available at no charge for end economic beneficiaries.
Find out more on the Press Release