Turquoise launched

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LONDON - The pan-European cash equity multilateral trading facility, Turquoise, was formally launched by the European Central Counterparty (EuroCCP) on Friday August 15. It launches with an initial coverage of 10 major British and German stocks. EuroCCP will deliver a clearing and settlement solution on a single platform with Citi's global transaction services business as its settlement agent, and BT Global Financial Services will host the platform. Turquoise is expected to be in full production

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