euNetworks connects to NASDAQ OMX Europe to extend ultralow-latency trading platform
NOVEMBER 24, 2009 -- euNetworks Group Ltd., a European provider of mission-critical, high-performance networking technologies, has announced the availability of its high-performance Ethernet-based system, euTrade, to customers at NASDAQ OMX Europe (NEURO). euTrade offers ultralow latency and high-availability connectivity to Europe's financial community.
NEURO is a multilateral trading facility that enables best execution in high-volume securities trading in a cross-border, multimarket environment. euTrade contributes toward demonstrating best execution due to its guaranteed ultrahigh performance.
"euNetworks has a strong reputation for delivering high-performance connectivity solutions to their customers. As NEURO continues to grow and expand our participant base, it is essential that we ensure our customers can gain access to the platform in the most efficient way. euTrade is particularly suited for the demands of next-generation trading, with its ultralow-latency, high-availability network solution," says Todd Golub, chief operating officer at NASDAQ OMX Europe.
euTrade is designed to provide on-demand, all-optical connectivity between trading venues and offers as standard contractual ultralow-latency guarantees between trading locations including NEURO. The contractual guarantees are made possible via euNetworks' EUR1 billion all-optical network over which it can assure end-to-end performance. Suited to mission-critical trading applications, it is now available in all key European trading locations.
"NASDAQ OMX Europe was a natural fit for our euTrade solution. They are a key driving force leading technology development in the exchanges business, offering unparalleled technology and transparency for trading. The euTrade-NEURO proposition is very strong; both companies have a wealth of financial sector experience and are focused on delivering ultraresilient -- yet highly flexible -- services," says Uwe Nickl, chief marketing officer of euNetworks.
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