Having recently gone live with Apama, Turquoise will now be able to catch any breaches of trading rules and find market irregularities, ensuring a fair and open market, according to Progress.  Also, using Apama was key for the multi-lateral trading facility to reach its goal of “achieving 5% of European equities volume by the end of 2008.” 

According to Progress,  “The Turquoise Multilateral Trading Facility (MTF) provides electronic execution services to buyers and sellers of pan-European equities. Turquoise's unique market model recognises the importance of visible order book activity in today's market structure and reconciles this small order, high frequency activity with traders' desire to find institutional-size liquidity.”

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