Interxion, a leading European provider of carrier-neutral colocation data centre services, will offer access to BME's Madrid-based co-location service from its City of London data centre campus.
This new service offers lower communication costs and significantly reduced latency to market participants wishing to have remote access between London and Madrid.
Remote connection will be via three 1 GB fibre-optic lines offering latencies of less than 13.8 milliseconds between London and Madrid. This will substantially improve access to co-location systems and offer customers maximum flexibility and total control of their applications.
In addition to accessing the Spanish cash and derivatives markets, London-based trading entities will also be able to receive information supplied by BME Market Data via the same infrastructure in real time with significantly reduced latency.
According to Jorge Yzaguirre, Director of Equities at BME "the new service offered in collaboration with Interxion will greatly facilitate remote access to brokers' systems and therefore to the SIBE and MEFF platforms, guaranteeing the reliability and security of the Spanish stock exchange systems. This is yet another step forward in offering the Spanish market the best available access technology infrastructure".
Greg McCulloch, Managing Director of Interxion UK, adds, "Our strength lies in providing choice and flexibility through a broad range of exchange connectivity options and access to a wide range of value-added services offered by the financial community located within our data centres. BME is a valuable addition to our Financial Hub in London, and it's great that our customers can now benefit from this cost-effective connectivity to the Spanish markets."