trending Market Intelligence /marketintelligence/en/news-insights/trending/3KIIMKSnWPoRzco13p2Ftw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Deutsche Bank to sell its 7% stake in trading platform Turquoise

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Report: Deutsche Bank to sell its 7% stake in trading platform Turquoise

Deutsche Bank AG is set to sell its 7% stake in Turquoise Trading Ltd., as part of the revamp of its equities sales and trading business division, Financial News reported, citing a person familiar with the matter.

Turquoise, a European equities and derivatives trading platform that is 51.36% owned by London Stock Exchange Group PLC, is a privately held company, the report noted. Deutsche Bank is the second-largest shareholder in the platform, behind LSE, with 11 other investment banks also owning stakes.

The source said Deutsche Bank has moved the stake into its so-called capital release unit, which is where it houses the roughly €75 billion in risk-weighted assets it is looking to sell or wind down. It has a seat on Turquoise's board, whereas some other shareholders do not, and the sale could therefore represent an opportunity for another investor to take Deutsche Bank's place.

LSE acquired a majority stake in Turquoise in February 2010.