euNetworks to Provide Ultra Low Latency Connectivity to Turquoise
euNetworks Group Limited, (SGX: H23.SI), one of Europe’s foremost providers of high-performance on-demand networking services, today announced its connectivity to Turquoise, the independent pan-European equity trading platform. Connectivity is provided under the euTrade brand.
London, United Kingdom, June 04, 2009 --(PR.com)-- euNetworks delivers on-demand connectivity between major stock exchanges, alternative trading systems / venues and clearing houses in 15 of Europe’s leading cities. Its high performance, all-optical fibre network is built to deliver ultra-low latency and guaranteed high availability – ideally suited to MTFs’ (multilateral trading facilities) mission critical trading applications. The euNetworks euTrade product is Ethernet based and fully transparent, eliminating issues with protocols or large frames being blocked, and its modern fibre avoids long, slow routes with service disruption.
euTrade offers a particularly stringent ultra-low latency guarantee between Turquoise and 15 major cities throughout Europe. The guarantee forms part of the customer contract and service credits are payable should it not be constantly met.
Yann L’Huillier, Chief Information Officer for Turquoise said: “Our members expect the highest standards of efficiency, flexibility and resilience from the Turquoise MTF. Low latency levels and high availability over a trusted network are a crucial part of our offering, and euNetworks helps us to achieve this and to offer a market-leading platform for European trading.”
“At euNetworks we are committed to deliver our customers access to unrivalled metro reach. Adding Turquoise to our list of MTF trading venues brings us one step closer to this goal”, commented Barry Nolan, Chief Operating Office of euNetworks. He continues to say: “Owning one of Europe’s highest capacity fibre networks combined with multiple terabits of pre-provisioned capacity in our network ensures that as our customers’ businesses change, we can change with them – on demand, in as little as one day.”
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About euTrade
•euTrade was developed to deliver high performance Ethernet connectivity specifically for mission critical next generation trading.
•euNetworks delivers on-demand connectivity between stock exchanges, alternative trading systems/venues and clearing houses in 15 metropolitan networks throughout Europe.
•Contractually guarantee ultra-low latency, high availability and fast provide performance
•euTrade customers, in as little as one day, can increase bandwidth to match trading volume and growth, or add a new site
About euNetworks
Our €1bn all-optical network delivers a new level of freedom and performance. We exclusively offer high-performance networking and specialise in solutions for high performance businesses in the Finance and Media sectors, and Carriers / Service Provider markets. We own 15 metropolitan networks throughout Europe, connected with a fully owned, high-capacity backbone. Because we own the network, we deliver superior performance that we contractually guarantee. Our Carrier Grade services are massively scalable and delivered on-demand, in days not weeks.
euNetworks Group Limited is headquartered in Frankfurt and publicly listed on the Singapore stock exchange (SGX: H23.SI). euNetworks is initiator and a member of euro-one, a unique collaboration of fibre optic network providers to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America (www.euro-one.com).
About Turquoise
Turquoise provides electronic execution services to buyers and sellers of pan-European equities, delivering differentiated value throughout the trading process. The Turquoise multi-lateral trading facility (MTF) operates uniformly across 15 European markets with a unique market model, a fully risk-managed clearing solution and efficient economics. The Turquoise MTF’s integrated market combines dark and visible orders to increase execution and price improvement for small orders, whilst minimising information leakage and market impact for larger, institutional-size orders.
Turquoise’s membership spans the diverse community of trading desks active in Europe, from the largest banks and brokers to institutions with local, regional and sector focus, and specialist trading and market-making firms. Turquoise’s technology delivers high throughput and ultra-fast response times to the most demanding trading specifications in the world.
Innovative functionality, wide membership, and competitive pricing combine to make the Turquoise MTF a vital destination for natural liquidity and quality execution across Europe.
euTrade offers a particularly stringent ultra-low latency guarantee between Turquoise and 15 major cities throughout Europe. The guarantee forms part of the customer contract and service credits are payable should it not be constantly met.
Yann L’Huillier, Chief Information Officer for Turquoise said: “Our members expect the highest standards of efficiency, flexibility and resilience from the Turquoise MTF. Low latency levels and high availability over a trusted network are a crucial part of our offering, and euNetworks helps us to achieve this and to offer a market-leading platform for European trading.”
“At euNetworks we are committed to deliver our customers access to unrivalled metro reach. Adding Turquoise to our list of MTF trading venues brings us one step closer to this goal”, commented Barry Nolan, Chief Operating Office of euNetworks. He continues to say: “Owning one of Europe’s highest capacity fibre networks combined with multiple terabits of pre-provisioned capacity in our network ensures that as our customers’ businesses change, we can change with them – on demand, in as little as one day.”
###
About euTrade
•euTrade was developed to deliver high performance Ethernet connectivity specifically for mission critical next generation trading.
•euNetworks delivers on-demand connectivity between stock exchanges, alternative trading systems/venues and clearing houses in 15 metropolitan networks throughout Europe.
•Contractually guarantee ultra-low latency, high availability and fast provide performance
•euTrade customers, in as little as one day, can increase bandwidth to match trading volume and growth, or add a new site
About euNetworks
Our €1bn all-optical network delivers a new level of freedom and performance. We exclusively offer high-performance networking and specialise in solutions for high performance businesses in the Finance and Media sectors, and Carriers / Service Provider markets. We own 15 metropolitan networks throughout Europe, connected with a fully owned, high-capacity backbone. Because we own the network, we deliver superior performance that we contractually guarantee. Our Carrier Grade services are massively scalable and delivered on-demand, in days not weeks.
euNetworks Group Limited is headquartered in Frankfurt and publicly listed on the Singapore stock exchange (SGX: H23.SI). euNetworks is initiator and a member of euro-one, a unique collaboration of fibre optic network providers to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America (www.euro-one.com).
About Turquoise
Turquoise provides electronic execution services to buyers and sellers of pan-European equities, delivering differentiated value throughout the trading process. The Turquoise multi-lateral trading facility (MTF) operates uniformly across 15 European markets with a unique market model, a fully risk-managed clearing solution and efficient economics. The Turquoise MTF’s integrated market combines dark and visible orders to increase execution and price improvement for small orders, whilst minimising information leakage and market impact for larger, institutional-size orders.
Turquoise’s membership spans the diverse community of trading desks active in Europe, from the largest banks and brokers to institutions with local, regional and sector focus, and specialist trading and market-making firms. Turquoise’s technology delivers high throughput and ultra-fast response times to the most demanding trading specifications in the world.
Innovative functionality, wide membership, and competitive pricing combine to make the Turquoise MTF a vital destination for natural liquidity and quality execution across Europe.
Contact
euNetworks
Cristene van Jaarsveld
02031788681
www.eunetworks.com
Cristene van Jaarsveld
02031788681
www.eunetworks.com
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