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Finexpo

Archive for: December, 2007
Paul PenroseFinextra - London

Turquoise recruitment drive

18 December 2007  |  6265 views  |  0  |  Recommends 2

After a stuttering start, it looks like Turquoise is getting its house in order in preparation for a busy New Year. The bank-backed rival to the London Stock Exchange has been variously dubbed Project Tortoise and Project Red Face by City wags for its signal failure to deliver a coherent business plan as the MiFID deadline loomed and its subseque...

TagsTrade executionWholesale banking
Paul PenroseFinextra - London

Betfair's Flywheel outguns LSE Tradelect

04 December 2007  |  6954 views  |  0  |  Recommends 0

While doing a bit of research into high performance computing for our capital markets conference Finexpo, I stumbled across this article in Business Week on the Betfair gambling exchange. It seems that London-based Betfair has developed a new trading engine dubbed Flywheel, which is capable of handling 100,000 transactions per second and five m...

TagsTrade executionWholesale banking
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