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.”