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