Communications provider COLT is offering investment companies
fast and secure connectivity to trading platform Turquoise.
The company will offer customers high-speed connectivity to the
trading platform which is due to go live in September.
Turquoise, a pan-European a stock trading venue set up by nine
leading investment banks including Goldman Sachs and Morgan
Stanley,
completed its IT infrastructure in April. It will launch in
September.
Investment firms will link directly to the trading platform and
trade electronically. Investment firms want their trades to be
completed in as near real-time as possible, therefore the time
taken for information to be sent to and received from the trading
platform must be short.
According to research from COLT, it takes
12.7 milliseconds to send a message from London to Frankfurt
over fibre. The Ethernet service will offer security, resilience
and high speed.
Yann L'Huillier, CTO of Turquoise, said the company wanted
connectivity from various suppliers to increase customer choice.
"Our market participants now have a diversified offering from a
network access and independent software supplier standpoint."