TQ Channel

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TQ Channel is a new service announced in May 2009 by Turquoise. It is scheduled to launch in July 2009. TQ Channel will offer centralized, anonymous access to the non-displayed liquidity of a variety of providers. It will operate alongside Turquoise's Pan European multilateral trading facility. [1]

TQ Channel would take in large orders from Turquoise’s bank and brokerage members, divide them into smaller orders, and use trading algorithms to route those orders outwards to banks and specialist trading firms that already operate their own crossing networks.[2]

References

  1. Turquoise to Launch TQ Channel, Dark Pool Aggregation Service. Advanced Trading.
  2. Turquoise moves to link up ‘dark pool’ liquidity. The Financial Times.