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.

We welcome all feedback, so please leave a comment here on the website, call us to leave an audio comment on +44 (0) 20 7193 1295 or send a message to algo@voicesinbusiness.com

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