Turquoise expands service to include six ETCs

The six ETCs track the performance of gold, silver and gold bullion indices, and will be on offer from November 13. Turquoise members will be able to execute, clear and settle their transaction on the Turquoise MTF. Clearing will be provided through EuroCCP. Turquoise chief executive Eli Lederman explains the ETCs will trade under the same pricing schedule, technology and fully risk-managed clearing solutions as the rest of its product offering. Lederman adds: "Members will benefit from great economics and simpler access to these instruments and the exposures they represent." Membe...