Turquoise Reveals Plans for Hybrid Model
The intention is to create a venue that doesn’t simply look like existing exchanges, says Phillip Hylander, global head of Goldman Sachs’ equities trading. He spoke at the Exchange Forum in London last week. In order to do so, Project Turquoise “will incorporate a public limit-order book and a non-public order book,” says Hylander.
The ability to interact with dark liquidity—held in the form of resting client orders for large blocks of stock—can help Turquoise offer services that aren’t
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