Turquoise Partners with M-DAQ for Cross-Currency Equity and FX Trades

M-DAQ, a leading global FX specialist, today announced its cooperation with Turquoise, the pan-European MTF majority owned by London Stock Exchange Group (LSEG).

The collaboration envisions a new service to investors who, through their brokers, will be able to execute cross-currency securities transactions and settle in their currency of choice (subject to regulatory approval).

Through the partnership, M-DAQ's patented product Trading the Right Chart (TRC) will complement the capabilities of Turquoise, removing the need for multilateral relationships and reduces FX operational risk faced by brokers, delivering further efficiencies to equity capital markets and better outcomes for end investors.

Richard Koh, Founder & Group CEO of M-DAQ Global, said: "M-DAQ is delighted to be the first Singapore flagship fintech to partner with Turquoise. By leveraging our wealth of experience, we can offer customers the ability to efficiently execute small FX transactions fitting the securities order shapes and using our tried and tested technology capabilities. We are well positioned to work alongside Turquoise to bring the global equities market a solution that would allow cross-border investors to access foreign assets with more ease and confidence."

Dr. Robert Barnes, Group Head of Securities Trading, LSEG, & CEO Turquoise Global Holdings, said: "Turquoise is committed to serving our clients through innovation and partnership. Together, Turquoise M-DAQ will bring transparency, automation and efficiency to trading of securities that settle in an investor's currency of choice. I look forward to continuing our collaboration with M-DAQ to deliver benefits for brokers and investors."