Eli Lederman, Turquoise
Welcome to episode four of The Algorithmic Trading Podcast, brought to you by Voices in Business and sponsored by Sybase.
Today, we feature an exclusive interview with Eli Lederman, Chief Executive Officer of Turquoise, the new pan-European trading platform, in conversation with Gavin Quinn, EMEA Business Development Manager at Sybase and Greg Grimer of Voices in Business.
Show notes for this episode:
00:14 - Introduction
01:12 - What is Turquoise and why does it exist?
05:22 - Levelling the playing field & removing monopolies
08:00 - The market data environment
09:25 - Costs associated with market data
10:46 - Differentiated pricing
12:40 - Reference data
14:45 - Interoperability
15:06 - Granularity of tick sizes and decimal places
16:30 - Smart order routing
18:04 - Communication with customers & members
22:12 - Evolution of exchanges
23:38 - Algorithmic trading and exchange convergence
25:20 - Fragmentation and operational complexity
27:21 - Trade volumes and market share
29:14 - Trade reporting & CCP status
30:34 - Risk/exposure issues
32:22 - End of interview & wrap-up
Click here for a full transcript of this episode.
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