EURONEXT Pursues Innovation Strategy with Tredzone
Tredzone.com – Paris – Euronext, the leading pan-European exchange in the Eurozone, has signed a partnership agreement with Tredzone, a technology solution provider specialised in developing software tools for handling complex data with high volumes and guaranteed latency.
Euronext has assessed the high level of performance of the Tredzone technology by using it to develop the next generation trading platform “Optiq”. Euronext and Tredzone have now decided to enter into a more structured collaboration. Euronext subscribed to a capital increase of €1.36 million, resulting in a 34% stake in Tredzone. This agreement will enable Tredzone to strengthen its leading edge technology and will allow Euronext to benefit from future developments made by Tredzone. The founders of Tredzone will retain a 66% stake in the company.
Software development tools from Tredzone allow Euronext to fully leverage multi-core processing, hence enabling substantial savings in use of hardware, simplifying and securing IT infrastructure. Designed by a team of experts from financial markets software design, these tools are specifically adapted to handle large amounts of data in real time within a complex environment.
This partnership demonstrates the Euronext approach to innovation, aiming to acquire cutting edge skills and disruptive technologies to strengthen its technical platform and value proposition to clients.Tra
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