TURQUOISE CHOOSES RTS AS CONNECTIVITY PROVIDER

Posted April 23, 2008

LONDON – The European investment bank-backed equity trading venue Turquoise, scheduled to launch in September, has chosen trading solutions provider RTS Realtime Systems Group to provide connectivity services.

“It is through partners such as RTS that Turquoise will benefit from access to a further important market segment and swiftly establish the platform as a real force in European equity trading,” says Eli Lederman, Chief Executive Officer of Turquoise.

Turquoise plans to begin trading in 1,500 stocks across 14 countries in September. The exchange will be comprised of two segments. In the first, 300 stocks will be traded in the integrated market segment where visible and dark orders will interact continuously. A further 1,200 stocks will trade in the dark-only market.

RTS offers access through its Realtime Trading Desktop (RTD) portfolio, including its RTD-API’s, the RTD front-end trading system, and RTD Tango, its high performance automated algorithmic trading solution. Additionally, RTS will offer direct market access to Turquoise in its data center and hosting facilities across the world.

“RTS is pleased once again to provide access to a new trading venue that offers our customers the ability to tap into new trading opportunities throughout the European equity marketplace,” says Steffen Gemuenden, Co-Chief Executive Officer and President of RTS.