Turquoise has announced its intention to go-live with its EU entity on Monday 30th November 2020, in advance of the end of the transitional period of the UK exiting the European Union. This is subject to a final go / no-go decision next week.
Turquoise has obtained regulatory approval from the Autoriteit Financiële Markten (AFM) in The Netherlands to operate as an MTF (Turquoise Europe).
Clearing Participants wishing to trade on Turquoise Europe (Operator MIC TQEX) will need to have the following actions completed as soon as possible with EuroCCP:-
• Statement of Authority signed
• Netting set up agreed
• Standard Settlement Instructions (SSIs) confirmed
• Successful testing undertaken
Further information on membership applications, client testing and transition arrangements can be found at EuroCCP’s EU based venues & Brexit web page.
Should you have any further queries, please do not hesitate to contact us.
EuroCCP Relationship Management
T. +44 20 7392 7480