London Stock Exchange to Acquire Turquoise Derivatives
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The LSE already owns a 51 percent stake in Turquoise. The platform will be renamed London Stock Exchange Derivatives Market and will be operated as normal, but as part of regulated market under Recognized Investment Exchange (RIE) status.
Turquoise will continue to operate its pan-European cash equities multilateral trading platform.
The transaction is expected to be completed in the last quarter of 2013 after it receives regulatory approval.
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