Press release
euNetworks Connects to NASDAQ OMX Europe to Extend Ultra-Low Latency Trading Platform
London, UNITED KINGDOM – 24 November 2009 - euNetworks Group Limited (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, has announced the availability of their high performance Ethernet based solution, euTrade, to customers at NASDAQ OMX Europe (NEURO). The addition of the euTrade solution, which offers ultra-low latency and high availability connectivity to Europe’s financial community, will provide NEURO customers with an additional choice of best-of-breed networks.NEURO is a multilateral trading facility that enables best execution in high volume securities trading in a cross-border, multi-market environment. euTrade contributes towards demonstrating best execution due to its guaranteed ultra-high 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 ultra-low latency, high availability network solution,” said 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 ultra-low latency guarantees between trading locations including NEURO. These contractual guarantees are possible because euNetworks owns a €1 billion all-optical network over which it can assure end-to-end performance. Ideally 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 ultra-resilient – yet highly flexible – services,” said Uwe Nickl, Chief Marketing Officer of euNetworks.
About euTrade
euTrade was developed to deliver high performance Ethernet connectivity specifically for mission critical next generation trading, particularly suited for the demands of next generation trading, brought about by MiFID. euNetworks delivers on-demand connectivity between stock exchanges, alternative trading systems/venues and clearing houses in 15 metropolitan networks throughout Europe. We contractually guarantee ultra-low latency, high availability and fast provide performance. Our euTrade customers can increase bandwidth to match trading volume and growth, or add a new site in a matter of days.
About euNetworks
Our €1bn all-optical network delivers a new level of freedom and performance. We exclusively offer high-performance networking and specialise in solutions for high performance businesses in the Finance and Media sectors, and Carriers / Service Provider markets. We own 15 metropolitan networks throughout Europe, connected with a fully owned, high-capacity backbone. Because we own the network, we deliver superior performance that we contractually guarantee. Our Carrier Grade services are massively scalable and delivered on-demand, in days not weeks. euNetworks Group Limited is headquartered in London and publicly listed on the Singapore Stock Exchange (SGX: H23.SI). For further information please visit www.euNetworks.com.
euNetworks
15 Old Bailey
London
EC4M 7EF
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