No compliance or cost blues for Turquoise comms

Multilateral trading facility Turquoise is aiming for cost savings with the implementation of a Cisco unified communications (UC) network.

The network, supplied by integrator Fabric Technologies, will by used by the trading platform to support its strategy of giving small order, high frequency traders the level of speed of transaction completion expected by institutional investors.

Cheat Sheets

♦ Faster Payments
♦ Basel II
♦ MiFID
♦ Sarbanes-Oxley

Investment bank-owned Turquoise, which started trading in August, chose the network architecture because of its reliability and security, but mainly because of the cost savings possible compared to separate dedicated voice and data networks.

Turquoise IT manager Alex Krovina told silicon.com reliable communications with investors is of paramount importance for the business strategy to succeed.

He added the ability for the network to demonstrate compliance with Financial Services Authority regulations on business continuity was also a factor.

"Turquoise have seen not just cost advantages from this strategy but it has also provided centralised administration, deployment, monitoring and auditing which in turn has allowed us to be flexibility to react to new communication requirements," he said.