According to LSE, the new âultra-lowâ latency has been achieved following the transfer of technology services to MilleniumIT.
The average latency for an order using Turquoise is thought to be twice as fast as its rivals while 99.9 per cent of all orders are processed and acknowledged within a maximum of 400 seconds, the exchange explained.
David Lester, chief executive officer of Turquoise, said: âWith Turquoise now offering average end-to-end trading of just 126 microseconds, twice as fast our competitors, we've made it clear we intend to compete, and compete strongly."
He added that clients who use the new platform should be able to benefit from greater risk control and improved certainty of execution.
Meanwhile, LSE announced it is to open up its data centres to allow ânon-hosting participantsâ such as vendors and service providers to locate their equipment closer to its hosting facility.
Extra cabinet space closer to the exchange is expected to be available at LSEâs central London facility by the end of November.
By Jim Ottewill