LSE Releases Turquoise Latency Stats, Details MillenniumIT Migration

Traders can expect 99.9 percent of all orders on pan-European multilateral trading facility (MTF) Turquoise to be processed in under 400 microseconds. The MTF has released the first latency statistics since going live on the new MillenniumIT exchange platform in October.

Turquoise officials confirm an average latency of 126 microseconds for all orders, including amendments and cancellations.

This takes place as the London Stock Exchange (LSE), owner and operator of Turquoise, delays its migration

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