euNetworks Group Limited, 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.