LSE Boasts Turquoise Now World’s Fastest Trading Platform
The London Stock Exchange said the Turquoise is now the world’s fastest trading platform, with an average latency of 126 microseconds since it migrated to the MilleniumIT technology system.
The exchange operator said that after some initial hiccups in the aftermath of Turquoise’s switch from the Cinnober technology platform, average order entry latency is now twice as fast as Turquoise’s main international competitors on a like-for-like basis.
In a release, the LSE said nearly 99.9 percent of all customer orders on the new system are accepted, processed and acknowledged within 400 microseconds.
“Recent competition between trading venues has helped move the market forward,” Turquoise Chief Executive David Lester said in a statement. “With Turquoise now offering average end-to-end trading of just 126 microseconds, twice as fast as our competitors, we’ve made it clear we intend to compete, and compete strongly.”
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio