Interxion Holding NV, (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, today announced an agreement with IP-Only, a Swedish Internet and telecom operator focusing on companies with high demands on bandwidth, accessibility and reliability.
The agreement gives customers at Interxion's Nordic Financial Hub in Stockholm high-performance, low-latency connectivity to liquidity venues in Stockholm and the rest of Europe. The low-latency connections between London and Stockholm provided by IP-Only will facilitate market participants based in London to trade on the liquidity venues in Stockholm and vice versa.
"New trading opportunities are emerging in the Nordic markets following the increasing fragmentation of the markets. This is fuelling increasing demand for colocation and proximity hosting services in order to reduce latency. Banks' statistical arbitrage desks and high-frequency traders are now locating their trading platforms in Stockholm as the Nordic markets are becoming more competitive", commented Lilia Severina, Interxion's Proximity Hosting Director. "The entrance of market participants from outside the Nordics is creating an urgency for the local financial institutions to consider high-frequency trading strategies and invest in a low-latency trading infrastructure to facilitate these strategies."
"This agreement is good news for organisations looking for cost-effective, low-latency solutions", commented Dennis Söderström, Business Unit Director, Finance at IP-Only. "We are pleased to be working with Interxion to offer a competitive infrastructure solution to the European trading community. We believe the offering will be of interest to a range of trading firms looking for guaranteed low-latency access to the liquidity venues across Europe."
"Interxion is delighted that IP-Only has decided to extend its services to Interxion's Stockholm data centre, further expanding the choice of connectivity that we can offer the financial community at the Interxion Nordic Financial Hub", commented Peder Bank, Managing Director, Interxion Nordics. "The investment and trading community at Interxion includes a fast-growing number of liquidity venues, such as Burgundy and NGM, , market data vendors, brokers, trading firms and technology vendors, which allows market participants to reduce both latency and networking costs".