Interxion, a leading European operator of carrier-neutral data centres, today announced an agreement with the newly launched multilateral trading facility (MTF) Burgundy to provide proximity hosting services at Interxion's Stockholm data centre.
The partnership will provide capital markets participants with highly reliable low-latency access to the new platform.
Burgundy, launched on 12th June, was established by a group of the largest banks and brokers in the region, aims to become the leading platform for trading Nordic shares. Backed by SEB, Nordea Handelsbanken, Swedbank and ten other banks/brokers, Burgundy's owners collectively account for around half of all trading volumes in Swedish, Norwegian, Finnish and Danish equities.
Interxion will provide proximity-hosting services in their Stockholm data centre for traders that seek low-latency access to the Burgundy platform. In addition, high-density power configurations are available as standard, with industry-leading service level agreements and reliability and 24x7 secure access to equipment.
"We aim to have 25% of Nordic liquidity by end next year, and we believe we have the backing and the infrastructure in place to provide a highly competitive alternative market," said Olof Neiglick, Burgundy CEO. "Proximity-hosting services are a key element in our offer - a significant proportion of Nordic trading is currently conducted outside the region. As a result, there is a clear need for low-latency access, and Interxion have the location, the infrastructure, the connectivity and the expertise to provide a turnkey solution for our customers."
"Our Stockholm data centre is strategically placed to give a competitive advantage to international traders connecting with the Burgundy exchange," said Anthony Foy, Interxion Group MD. "The Interxion proximity-hosting service provides guaranteed low-latency connections, flexible connectivity options, industry-leading service levels and best-in-class data centre infrastructure."