The managing director of the bank states the platform complements its broad access to over 16 markets in Europe.

Swiss private bank Vontobel has partnered with Turquoise, which is the European multilateral trading facility majority owned by London Stock Exchange Group.

The bank said in a statement yesterday, that the deal will see the Vontobel become the first Swiss member firm to give its customer’s access to Turquoise Plato Block Discovery, the electronic block trading mechanism. 

The mechanism offers a neutral and trusted MiFID II-compliant platform for executing large anonymous block orders.

“Liquidity is very important to our customers and also to us, especially in light of MiFID II and the regulatory changes that will make the European Market Structure more sustainable,” said Peter Camenzind, managing director, head transaction banking at Vontobel. “Turquoise has a significant chance to deliver this to the market. We are delighted to offer our clients access to Turquoise Plato Block Discovery as the first participant in Switzerland. Vontobel’s connectivity to this pool of liquidity will give our clients further access to block volume and complements our existing broad direct access to over 16 markets in Europe."