Turquoise, the multilateral trading facility (MTF) established by nine investment banks, has chosen UK telecommunications company BT to provide secure hosting services and low-latency connectivity. The MTF says that by working with BT, it will be able to offer its users fast, direct access to the trading platform and the option to co-locate their trading engines with BT to achieve near-zero trading latency.
Turquoise will be hosted in two of BT’s data centres in the London area. The data centres will be connected by BT’s low latency technology, enabling synchronous data transfer. Members of Turquoise will be able to access the trading facility through a choice of connectivity options, including the Radianz Shared Market Infrastructure, a platform that offers access to over 10,500 financial services sites worldwide.
“This was a straightforward decision for us,” says Yann L’Huillier, chief technology officer of Turquoise. “It is vital that we deliver on our aim of providing a platform capable of providing high throughputs with very low latency over a trusted network that will have the capacity to allow our users to co-locate. The BT solution offers us a home for our platform that has capacity, speed and trust.”
Chuck Pol, head of BT Global Financial Services, adds, “This decision allows Turquoise to focus on their core business whilst relying on BT to provide a flexible, reliable and scalable infrastructure.”