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Press Release -- June 7th, 2010
Source: InterXion
Tags: Colocation, Exchange, Low Latency

AlgoSpan and ALGO Technologies Select Interxion as their City of London Hub

London, 7th June 2010 - Interxion, a leading European operator of carrier-neutral data centre services, today announced an agreement with AlgoSpan and ALGO Technologies, to offer low latency connectivity and market data services from Interxion’s City of London data centre with immediate effect.

As part of the agreement, AlgoSpan and ALGO Technologies will be seeking to expand services across Interxion’s pan-European footprint of data centres, including Frankfurt, Stockholm, Zurich and Madrid.

The agreement will allow market participants located at Interxion’s data centres to benefit from AlgoSpan’s high-speed, high bandwidth shortest path connectivity to liquidity venues across London, Continental Europe and the US. AlgoSpan is the first provider to create an ultra-fast connection between Interxion’s City of London data centre and Slough, with an estimated one-way latency of below 270 microseconds. Interxion customers will also benefit from ALGO Technologies’ extremely low latency market data services offering raw, normalised and/or consolidated international market data. Customers can trial ALGO Technologies’ European market data feed at Interxion free of charge with immediate effect.

Commenting on the announcement, Hirander Misra, Chief Executive Officer of ALGO Technologies and co-founding Director of AlgoSpan said, “An important factor in our colocation decision was the unique City of London location of Interxion’s data centre, combined with their fast growing financial services customer community. Interxion’s extensive customer base, combined with our speed of connectivity and quality of market data, positions us well to help the latency sensitive trading community gain ultra-fast connectivity to trading venues and market data feeds.”

Anthony Foy, Group MD of Interxion added, “Our financial industry customers benefit not only from ultra-secure and ultra-reliable data centre services located in the heart of the markets. We provide choice and flexibility through a broad range of low latency connectivity options to liquidity venues, combined with the availability of a wide range of value-added services offered by the financial community located in our data centres. We are delighted that AlgoSpan and ALGO Technologies selected Interxion as their City of London hub, and that our clients will benefit from the services from another leading service provider.”

- ENDS -

About Interxion

Interxion is a leading European operator of carrier-neutral data centres. Headquartered in Schiphol-Rijk, The Netherlands, Interxion serves its customers from 27 carrier-neutral data centres located in 13 cities across 11 European countries. Interxion serves network and carrier-based, hosting and enterprise customers who require professionally managed and strictly controlled physical environments within which to operate mission-critical applications and computer systems. Interxion’s data centres offer cost-effective and fast access to multiple local and global communication networks. For more information please visit www.interxion.com

About AlgoSpan

AlgoSpan provides ‘shortest path’ low latency inter exchange connectivity. A joint venture between UK National Telco FibreSpan and ALGO Technologies, our networks are backed by a team of on-call engineers and a 24x7 network operation centre. With connectivity and co-location currently available to all major US and European markets along with ‘Fibre to the Door’ point-to-point connectivity from customers’ premises to exchange data centres, AlgoSpan provides the ‘shortest path’ market data and trading connectivity solution. For more information please visit www.algospan.com

About ALGO Technologies

ALGO Technologies is a next generation trading technology firm providing differentiated high speed, low cost products & services to allow ‘trading automation without complication’. The company’s solutions include the provision, maintenance & support, of extremely low latency market data feeds, direct market access, smart order routing, in-house developed feed handler technology, and execution & matching technology. ALGO Technologies’ solutions are built by a team with many years of expertise in electronic trading across the value chain. For more information please visit www.algotechnologies.com

Contacts

Ali Moinuddin,
Marketing Director
Interxion Ltd
Tel: +44 207 375 7038
E-mail: alim@interxion.com

ALGO Technologies & AlgoSpan
John Parry,
Rostron Parry
Tel: +44 207 490 8062
E-mail: johnparry@rostronparry.com

Charlotte Rutherford-Lee
Rostron Parry
Tel: +44 207 490 8062
E-mail: charlotte@rostronparry.com

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