经过一周的预期,伦敦证券交易所集团于12月21日宣布,它已经达成了买卖绿松石是一家以伦敦的泛欧多边贸易设施(MTF),并将其业务与Baikal合并,LSE自己的泛欧洲黑暗游泳池。合并的实体将为交易所组提供直接与替代交易平台竞争的手段,这些平台已成功地从2007年底欧洲市场放松潜水后的出现以来已成功扣除市场份额和其他主要的现任交易所。
Turquoise是直到最近,LSE最激烈的竞争对手之一。Created and supported by nine global banks — Bank of America Merrill Lynch, BNP Paribas, Citigroup, Credit Suisse Deutsche Bank, Goldman Sachs Group, Morgan Stanley, Société Générale and UBS — Turquoise was designed to challenge the LSE’s high trading fees and force the incumbent exchange to become more competitive and responsive to its sell-side clients. Since the trading service went live in September 2008, the MTF has been able to capture about 6 percent of the LSE’s monthly lit market share in FTSE 100 stocks, according to Thomson Reuters, and its dark pool has been attracting liquidity, too. But, like every other pan-European MTF, Turquoise had been losing money since its launch.
现在,LSE现已承诺全面为新企业的现金需求为前两年的交易,旨在帮助绿松石盈利的意图。虽然银行已经退缩,但他们仍然对绿松石的未来感兴趣:综合实体将由现有的绿松石股东拥有的60%,是现有的绿松石股东所拥有的,他们是交易所的全球投资银行客户。LSE计划通过向其他缔约方销售高达9%的股本,在其他缔约方销售到其他缔约方,加宽新企业的股权参与。
Turquoise和Baikal合并所提供的机会应帮助LSE重新获得其一些竞争优势。绿松石现已在15个欧洲市场运营,其综合交易平台结合了黑暗和点亮或可见的订单流动。随着银行作为共同主人,绿松石可能会能够继续从股票伙伴那里吸引重大流动性,这是LSE保护其交易量的新手段。但LSE首席执行官Xavier RoLet对简单地使用绿松石的防御性目的不感兴趣 - 他打算在绿松石现有的基础设施上建立并将战斗带到MTF。