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London/Frankfurt, April
22, 2008 - RTS Realtime Systems Group, a leading trading solutions
provider, announced that it has committed to provide connectivity to
the new European equity trading venue, Turquoise, which will be
launched in September.
Turquoise,
which under the
new MiFID regulation is defined as a multi-lateral trading facility
(MTF), was established by nine leading European investment banks as a
pan-European, open equity trading platform on which all participants
will have equal access. The nine backers have also committed
to
make markets in Europe’s leading stocks so that Turquoise
will
have an immediate critical mass of natural liquidity from day one.
"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,” said Steffen Gemuenden,
Co-CEO
and President of RTS.
Eli Lederman,
Chief
Executive Officer of Turquoise said: “Turquoise will
transform
the European equity marketplace when it starts trading in early
September and we are pleased that RTS has agreed to be a participant
from the start. 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."
Turquoise
will begin trading in 1,500 stocks across 14 countries in September.
The exchange will be comprised of two segments. 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 be proving direct market access to the new marketplace in its
data center and hosting facilities across the world.
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