Turquoise, the multi-lateral trading facility established by nine leading European investment banks, has chosen BT to provide secure hosting for its trading platform and low-latency connectivity.
Under the agreement, Turquoise will be able to offer its users fast access to the trading platform and the option to co-locate their trading engines with BT to achieve near-zero trading latency.
The Turquoise trading platform, currently under development at Swedish firm Cinnober, 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 via a choice of connectivity options including BT's own Radianz network.
Yann L'Huillier, Turquoise CTO says: "This was a straightforward decision for us. 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."