Turquoise, a European trading system created by banks as an alternative to stock exchanges, seeking a buyer
It has been reported Turquoise, a European trading system created by banks as an alternative to stock exchanges, has sent out sales documents to about 18 potential bidders after hiring UBS AG to seek a buyer for its business.
The London Stock Exchange said Monday that it will take majority control of rival trading platform Turquoise in a deal that will give the UK exchange a foothold in other European markets.