Exponential-e and Sidera Networks enter strategic alliance to expand international network access to key financial hubs          ·····          Exponential-e slashes latency again on key financial routes          ·····          Exponential growth forecast in the financial sector          ·····          Celeritas selects Exponential-e to support ultra-fast algorithmic trading          ·····          Exponential-e provides microsecond connectivity to Quote MTF          ·····          Exponential-e opens up fastest trading routes to the key financial hubs of Chicago, New York & Frankfurt          ·····          Sentronex joins Exponential-e’s Financial Exchange Community          ·····          IFS deploy “liquidity in a pipe” solution from Exponential-e          ·····          Exponential-e joins Equinix Financial eXchange          ·····          Turquoise and Exponential-e in Next-Generation Network deal          ·····          

 

Lowest latency available for Financial Trading

 

One converged speed-of-light connection to 120 data feeds

Financial Markets Community

 

Turquoise and Exponential-e in Next-Generation Network deal

Exponential-e, the UK’s most established Next-Generation-Network (NGN) service provider announced today that it will provide connectivity to Turquoise, the new alternative liquidity venue, now that the multi-lateral trading facility has been launched. Turquoise has also deployed Exponential-e’s VPLS NGN as part of its own multi-vendor Wide Area Network (WAN) strategy.

 

Under the terms of the deal, Exponential-e’s customers will benefit from the NGN provider’s ultra low-latency 10 Gigabit Ethernet network to:-

 

·         Submit orders and trade on the Turquoise exchange as an alternative venue and source of liquidity.

·         Connect to Turquoise’s market trading information and clearing and settlement services.

 

Today’s announcement strengthens the existing relationship between the two organisations. Turquoise already powers its latency-sensitive business using Exponential-e’s high-speed corporate connectivity between each of its five sites. The single broadcast domain characteristics of the VPLS network supplied by Exponential-e ensure that Turquoise’s entire estate behaves like a single LAN-like WAN. Services are backed off with quality of service and flexible bandwidth offered on a per VLAN basis.

 

Critical to the WAN solution provided by Exponential-e is Turquoise’s ability to control IP routing themselves. The solution features fully diverse links to Turquoise’s two data centres which due to the unique nature of the VPLS design are available throughout the WAN as a centralised disaster-recovery resource.

 

Yann L’Huillier, Chief Technology Officer, Turquoise said” The Trader experience must remain intact at all times regardless of the throughput. As we have stated on a number of occasions, we are very keen to provide diverse network connectivity options to our platform. We are very pleased that Exponential-e’s private VPLS solution will add a highly scalable and flexible WAN to our existing pool of network providers”.

 

Adrian Hobbins, Chief Technology Officer, Exponential-e said “Turquoise’s highly secure WAN solution is simple to manage and scale and is purpose-built for an environment where there are a number of critical applications needing support and which are highly sensitive to the performance of the network”.     

 

-ends-

 

About Turquoise

 

Turquoise is an entrepreneurial, independent company that provides an innovative, pan-European and open trading platform treating all members equally.  Backed by the largest investment banks in Europe, Turquoise is aiming to have a critical mass of natural liquidity: a venue that every trader will need to access.

 

Turquoise's dark and visible pool is able to interact with each other to help the market trade more efficiently at improved prices.  This unique, integrated order pool, combining and matching dark and visible orders, enables users to obtain price improvement for small orders and trade large orders efficiently while minimising information leakage.  The clearing & settlement function is being delivered by EuroCCP, a subsidiary of DTCC, a partnership that will help to drive down the total cost of trading.

 

For further information, please visit: www.tradeturquoise.com

 

About Exponential-e’s Financial Markets Community

 

Exponential-e’s finance unit is dedicated to serving the needs of the finance industry. Designed for latency-sensitive trading applications, Exponential-e’s next-generation network supports the finance industry’s move to algorithmic trading, direct market access and best-execution policies. Low-latency connectivity, financial data feeds and associated applications and services are available to the finance community. The company’s Financial Markets Service Creation Platform (FM-SCP) is a networked community of buy-side and sell-side financial organisations. Hosted as a single community from Exponential-e’s high-speed, secure and scalable Ethernet network, members get all the advantages of peer-to-peer connectivity and a simple, secure and private environment from which to connect with each other and share financial data and applications.

 

Exponential-e Finance is the equity markets and financial services arm of Exponential-e Ltd the UK’s most established provider of MPLS-based VPLS services and next-generation Ethernet applications to enterprise.

 

Exponential-e currently has more than 150 financial institutions within its FM-SCP connecting, trading and sharing rich content.

 

 

For more information visit www.finance.exponential-e.com or contact:

+ 44 (0) 20 7096 4098

helen.simpson@exponential-e.com

 

 

 

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Telephone Switchboard: +44 (0) 20 7096 4160
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