Turquoise, the multi-lateral trading facility established by nine leading European investment banks today announced that it will use NeoNet's XG Market Data software to obtain real time data from across the European equity markets.
The Turquoise platform, which is on schedule to launch in September, will provide participants with rich trading functionality requiring a high quality, low latency source of real-time market data from all the relevant alternative platforms. NeoNet XG Market Data will also be used to conduct analysis of transactions as well as detailed trading information.
Commenting on today's announcement, Yann L'Huillier, the Turquoise Chief Technology Officer, said: "Obtaining timely and accurate real-time market data is key to providing the rich trading services Turquoise will be offering. I am very pleased that we have found in NeoNet a market data provider that can meet our demanding requirements for speed and quality."
Simon Nathanson, CEO of NeoNet comments, "We are delighted that Turquoise has chosen NeoNet as the provider of its European market data.
Turquoise is a truly transformational platform with high ambitions.
Their decision to partner with NeoNet is a real endorsement of the quality, reliability and low-latency of our trading and market data infrastructure."
"MiFID has enabled significant change to the European capital markets, and innovative companies such as Turquoise and NeoNet are ensuring these changes deliver real benefits to market participants," concludes Nathanson.
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