Interxion Holding (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, today announced that Burgundy, a trading platform for Nordic securities, has gone live at Interxion's Nordic Financial Hub in Stockholm.
Investment and trading firms are now able to cross-connect to Burgundy's matching engines by colocating their trading systems at Interxion's Stockholm data centre. This will allow market participants to cost-effectively connect to Burgundy at ultra-low latency.
"Our existing and future customers can now benefit from low-latency access to Burgundy now that the matching engines have gone live at Interxion," said Olof Neiglick, Burgundy's CEO. "A significant proportion of Nordic trading is currently being conducted outside the region, so there is a clear need for colocation and proximity services. Interxion has the infrastructure, the connectivity and the expertise to provide a turnkey solution to our customers."
"We're extremely pleased to work with Burgundy to provide colocation services to market participants in the Nordic region," said Peder Bank, Interxion Nordics Managing Director. "This service will allow investment and trading firms to benefit from faster and more cost-effective access to this strategically important regional trading venue."
He added, "By colocating at Interxion, market participants can also take advantage of the fast-growing ecosystem of service providers within the data centre, including leading real-time market data vendors, technology vendors and low-latency connectivity providers."