LME locates trading platform at Interxion data centre
02 May 2017 | 2545 views | 0
INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral data centre services, today announced that the London Metal Exchange has expanded its footprint at Interxion’s London data centre campus with its newly upgraded trading platform, LMEselect.
The London Metal Exchange is the centre for global metals trading, with the world’s largest market in futures and options contracts for base metals. The majority of global base metals business takes place on its market, which last year equated to $10.3 trillion notional, 3.5 billion tonnes and 157 million lots.
Home to over 200 capital markets participants including industry-leading banks, proprietary traders and hedge funds, Interxion’s London data centre campus is at the centre of the European trading landscape, making it a logical choice to locate the primary LMEselect platform.
“Interxion provides the ideal environment for our new LMEselect platform, with best in class power and cooling and excellent cross connect access to the exchange,” comments John Lee, the LME’s Chief Technology Officer.
In addition to making Interxion London the primary production location of LMEselect for base metals, the exchange will also list its new LMEprecious products on this platform, when they launch on 10th July 2017 (subject to regulatory approval). LMEprecious responds to market demand by making available an innovative new suite of exchange-traded, loco London precious metals products.
Strategy and Market Director for Financial Services at Interxion, Bill Fenick states: “We are pleased to see the expansion of the LME in our thriving Financial Services community here in London. They will be able to take advantage of our state-of-the-art facilities as well as interconnect to their customers and ensure the best possible performance from their infrastructure”.
Interxion recently announced that it is expanding its London campus, with a £30 million investment in a third London data centre, known as ‘LON3’. Scheduled to open in 2018, LON3 will add 1,800 sqm to Interxion’s uniquely located central London data centre campus, situated between the Square Mile and Tech City.