Plato Partnership confirms exclusive discussions with Turquoise
July 24, 2015

Further to the brief note from the London Stock Exchange Group earlier today, Plato Partnership has now confirmed that it is entering into a period of exclusive discussions with Turquoise around a commercial collaboration. It says that while these discussions may or may not lead to a binding agreement, any collaboration would have to meet Plato Partnership's underlying principles to be not for profit, reduce trading costs, simplify market structure and act as a champion for end investors.

Plato says Turquoise was selected because they were considered to most closely align with its own vision and values. This decision follows an intensive tender process which narrowed down over 20 firms to seven, and then more recently a shortlist of three. During the process, Plato says it invited market participants to express their support via a poll on its website.





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Further to the brief note from the London Stock Exchange Group earlier today, Plato Partnership has now confirmed that it is entering into a period of exclusive discussions with Turquoise around a commercial collaboration. It says that while these discussions may or may not lead to a binding agreement, any collaboration would have to meet Plato Partnership's underlying principles to be not for profit, reduce trading costs, simplify market structure and act as a champion for end investors.

Plato says Turquoise was selected because they were considered to most closely align with its own vision and values. This decision follows an intensive tender process which narrowed down over 20 firms to seven, and then more recently a shortlist of three. During the process, Plato says it invited market participants to express their support via a poll on its website.



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