LSEG Introduces Execution Service for Retail Brokers

London Stock Exchange Group (LSEG), a leading global financial markets infrastructure and data provider, announced yesterday the introduction of a new service Turquoise Retail Max™, which is designed to help European retail brokers meet their best execution obligations.

The new offering is available through Turquoise Europe™, the pan-European trading platform majority owned by LSEG. Besides, it is extending the benefit of price improvement on aggressive and passive orders to retail orders.

Clients’ orders will benefit from a diverse source of liquidity, with competitive pricing through a traditional auction process. By placing retail investor orders at the centre of the price formation mechanism, Turquoise Retail Max™ will assist retail brokers in achieving best execution.

"We are delighted to expand our trading services through Turquoise Retail Max™. For the first time, retail brokers will be able to achieve execution at primary market midpoint in a fully pre-trade transparent order book," said Adam Wood, CEO, Turquoise Global, and Head of Equities Trading Commercial Proposition, LSEG.

In March, LSEG has released its financial results for the year ended 31 December 2022​. Total income for the year reached £7,428 million, growing 19.6% from 2021’s £6,211 million.