Turquoise Selects AppLabs as Testing Partner

Released on: February 18, 2008, 5:22 am

Press Release Author: AppLabs

Industry: Software

Press Release Summary: Testing to ensure smooth launch in September 2008

Press Release Body: London, UK; Philadelphia, USA; Hyderabad, India; February 14,
2008: Turquoise, the multi-lateral trading facility established by nine leading
European investment banks today announced that it is partnering with AppLabs, the
world's largest independent testing, quality management and certification solutions
company, to deliver the testing programme which will verify and ensure that the
trading platform is fit for purpose.

As Turquoise's test partner, AppLabs will design, develop and build the test
strategy for the project. AppLabs will then extensively test the trading and
surveillance functionalities to assure the quality of the delivery and ensure
Turquoise launches successfully in September 2008.

Commenting on today's announcement, Yann L'Huillier, Chief Technology Officer of
Turquoise said: "We are ambitious for Turquoise and acknowledge that to achieve our
goals we will have to assure the market place that the integrated trading platform
is functionally reliable, robust and efficient and that it will perform to the
highest standards. Bringing to bear the experience of AppLabs to thoroughly test the
Turquoise platform will help us to achieve this goal.\"

Graham Smith, Head of Client Engagement, Europe at AppLabs said: "With our extensive
testing experience and in-depth understanding of trading platforms, AppLabs will be
able to ensure that the functionality and efficiency of Turquoise's trading system
will exceed the expectations of the marketplace at its launch."

About Turquoise

Turquoise is an entrepreneurial, independent company that will provide an
innovative, pan-European and open trading platform treating all participants
equally. Backed by the largest investment banks in Europe, Turquoise will have a
critical mass of natural liquidity from day one: a venue that every trader will need
to access.

Turquoise\'s dark pool and lit pool will be able to interact with each other to help
the market trade more efficiently at improved prices. This unique, integrated order
pool, combining and matching dark and transparent orders, will enable users to
obtain price improvement for small orders and trade large orders efficiently while
minimising information leakage. The clearing & settlement function will be delivered
by EuroCCP, a subsidiary of DTCC, a partnership that will help to drive down the
total cost of trading.

For further information, please visit www.tradeturquoise.com

Adrian Flook
+44 (0)20 7153 1588 / (0)7768 608396

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. Customers include American Airlines, Royal
Bank of Scotland, VISA, HP, Novell and SAP. AppLabs goes beyond technical expertise
when it comes to IT services and offers customers rigorous risk mitigation
processes, a singular focus on quality, expert project management, communication and
global delivery capabilities. It is the first software testing company to get
appraised at SEI CMMI Level 5, the highest quality standard attainable in software
engineering. Headquartered in Philadelphia, USA, the company maintains advanced
testing facilities in the US, UK and in India.
For more information, visit www.applabs.com

Web Site: http://www.applabs.com/

Contact Details: Press Contacts:


Vijaya Lakshmi
Tel: + 91 402 355 8000

Juhee Bagri
Adfactors PR Pvt. Ltd.
Mobile: + 91 98199 24234


Stephen Johnson
Tel: + 44 (0) 1772 885 850

Lucy King / Nicola Craft
Buffalo Communications
Tel: + 44 (0) 2072 928 692

North America

Peter Winicov
Tel: + 1 610 952 1369

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...