euNetworks' low latency network is ideally suited to mission-critical trading applications, and its now available in all key European trading locations.
(WEB HOST INDUSTRY REVIEW) — European networking solutions provider euNetworks Group Limited (www.eunetworks.com) will be offering ultra-low latency and high availability connectivity to Europe’s financial community by connecting to the NASDAQ OMX Europe (NEURO) trading platform.
NEURO is a multilateral trading facility that enables best execution in high volume securities trading in a cross-border, multi-market environment. According to its Tuesday announcement, euNetworks will let NEURO customers choose to use its euTrade solution, which offers ultra-low latency and high availability connectivity to Europe’s financial community.
“euNetworks has a strong reputation for delivering high performance connectivity solutions to their customers,” NASDAQ OMX Europe chief operating officer Todd Golub said in a statement. “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.”
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 fiber-optic network over which it can assure end-to-end performance. euNetworks’ low latency network, ideally suited to mission-critical trading applications, it is now available in all key European trading locations.
euNetworks chief marketing officer Uwe Nickl said NASDAQ OMX Europe is a natural fit for the euTrade solution. “They are a key driving force leading technology development in the exchanges business, offering unparalleled technology and transparency for trading,” Nickl said in a statement. “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.”
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