Eli Lederman, Chief Executive, Turquoise: "Connectivity to technology solutions providers represents an important link to Turquoise's network of members".
GATElab Ltd has announced that it has successfully completed conformance testing on Turquoise, the open equity trading platform facility established by nine leading European investment banks, on which all participants will have equal access.
As a result, GATElab's institutional clients will be able
to have immediate access to the multilateral trading facility
(MTF) upon the platform's target launch in September.
Eli Lederman, Chief Executive of Turquoise, said: "Connectivity to technology solutions providers represents an important link to Turquoise's network of members. We are pleased to have reached this point with GATElab Ltd, which gives their clients full access to the Turquoise trading platform from launch".
GATElab 's multi-asset cross-markets suite of components, MiFID compliant, fulfils the needs of buy-side, sell-side and hedge-fund partners: from a fast single click trading front end to a flexible and easily programmable automated trading and quoting engines, from a dealer-to-broker fix interconnection and a fast EMS, to a real time forwarding of captured trades/orders to position and back office systems. The gateway to Turquoise is an important addition to our existing offerings to financial institutions together with an advanced trading suite featuring a high performance algorithmic environment.