A formal statement from the LSE said: "London Stock Exchange Group plc announces that it has entered into exclusive discussions with Turquoise Trading Limited, which may lead to a transaction. A further announcement will be made in due course."
Turquoise was founded just over a year ago by a group of nine banks. Despite an estimated 30 million pound investment in the platform it has yet to turn a profit or achieve a significant market share. However, it is credited with developing a cheaper trading platform, and forcing the LSE to lower its own fees.
LSE experienced over 130 job cuts last week after reviewing costs.
DARK POOLS
The banks behind the project were Credit Suisse, Morgan Stanley, Goldman Sachs, Citi, UBS, Soci
Turquoise was founded just over a year ago by a group of nine banks. Despite an estimated 30 million pound investment in the platform it has yet to turn a profit or achieve a significant market share. However, it is credited with developing a cheaper trading platform, and forcing the LSE to lower its own fees.
LSE experienced over 130 job cuts last week after reviewing costs.
DARK POOLS
The banks behind the project were Credit Suisse, Morgan Stanley, Goldman Sachs, Citi, UBS, Soci
