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euNetworks Group Limited: euNetworks Connects to NASDAQ OMX Europe to Extend Ultra-Low Latency Trading Platform
London, UNITED KINGDOM, Nov 24, 2009 (M2 PRESSWIRE via COMTEX) --
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 EUR1 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 EUR1bn 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).
About NASDAQ OMX Europe
NASDAQ OMX Europe, the most competitively priced multilateral trading facility in Europe, is the first platform to connect European liquidity pools with Pan-European routing. NASDAQ OMX Europe currently trades approximately 900 securities including constituents of the main European indices, ETFs and other highly liquid securities.
NEURO and NEURO Dark are trading names of NASDAQ OMX Europe Limited, which is authorized and regulated by the Financial Services Authority. Insofar as the content of this communication is considered a financial promotion for the purposes of section 21 FSMA 2000, it is not communicated or approved by a person authorized under FSMA. This communication is directed only at persons to whom NASDAQ OMX Europe may lawfully make financial promotions (Relevant Persons) including persons who have professional experience in matters relating to investments who are "investment professionals" within the meaning of article 19 of the FSMA (Financial Promotion) Order of 2005. This communication must not be distributed to, acted on or relied upon by persons who are not Relevant Persons.
CONTACT: Ms Cristene van Jaarsveld, euNetworks
Tel: +44 (0)203 3178 8681
e-mail: marketing@euNetworks.com
WWW: http://www.euNetworks.com
Anna Rasin, NASDAQ OMX
Tel: +46 8 405 66 12
e-mail: Anna.rasin@nasdaqomx.com
WWW: http://www.nasdaqomxeurope.com
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