AppLabs' Testing Solution Enables Turquoise to Launch On Time.LONDON, PHILADELPHIA & HYDERABAD, India -- AppLabs, the world's largest independent testing, quality management and certification solutions company, today announces the completion of a major Functional and Performance Testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. phase for Turquoise turquoise, hydrous phosphate of aluminum and copper, Al2(OH)3PO4·H2O+Cu, used as a gem. It occurs rarely in crystal form, but is usually cryptocrystalline. , the multi-lateral trading facility established by nine leading European investment banks European Investment Bank, nonprofit bank created in 1958 by the six founding countries of the European Economic Community (now part of the European Union [EU]). . AppLabs was chosen as the sole independent testing partner. AppLabs was responsible for the design, development, implementation and verification of Turquoise's testing strategy. The platform has been running since its soft launch on 15 August 2008, trading across 13 major European countries with Turquoise's unique market model integrated a dark pool and visible order book. Users on the integrated book can expect frequent price improvement for small orders and can also trade large orders efficiently on the dark book while minimizing information leakage Information leakage happens whenever a system that is designed to be closed to an eavesdropper reveals some information to unauthorized parties nonetheless. For example, when designing an encrypted instant messaging network, a network engineer without the capacity to crack your into the market. Yann L'Huillier, Chief Technology Officer of Turquoise, comments: "Designed to compete with incumbent exchanges and alternative venues, we differentiate on technology, costs and the quality of our services. We needed an experienced and unbiased testing partner like AppLabs to make sure our platform is functionally reliable, robust and efficient, which are critical to our success." Graham Smith Graham Smith may refer to:
About AppLabs AppLabs is the world's largest independent testing, quality management and certification solutions company. With over a decade of experience, AppLabs has become a trusted partner to more than 600 companies, providing both quality assurance and third-party validation. Clients include American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the , Experian, JP Morgan, VocaLink and National Australia Bank The National Australia Bank or NAB (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) is part of the NAB Group. It is the largest bank in Australia by assets, and 28th largest in the world. amongst others. Headquartered in Philadelphia, the company maintains advanced testing facilities in the US, India and the Europe. For more information, visit www.applabs.com. About Turquoise The Turquoise Multilateral Trading Facility (MTF (1) (Modulation Transfer Function) A measurement of monitor sharpness. MTF compares the contrast ratio between alternating black and green lines that are one pixel thick. ) provides electronic execution services to buyers and sellers of pan-European equities. Turquoise's unique market model recognizes 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. Turquoise's integrated market segment, combines dark and visible orders to increase the likelihood of execution and price improvement for small orders whilst allowing the trading of large, institutional-size orders, efficiently and with minimization of information leakage and market impact. Turquoise is an independent company, whose members include the largest banks and brokers active in European trading, as well as specialist trading firms and institutions with local, regional and sector focus. The Turquoise MTF has secured market-making relationships with key stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. that, together with its wide membership, differentiated functionality and competitive pricing, ensure critical mass of natural liquidity and make it a venue that every trader will need to access. The clearing & settlement function is being delivered by EuroCCP, a subsidiary of DTCC DTCC See: Depository Trust and Clearing Corporation , a partnership that helps to drive down the total cost of trading. For further information, please visit: www.tradeturquoise.com. |
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