Published Date: July 6, 2010
Trading hub boosted by the arrival of algorithmic connectivity service
London, July 6, 2010 – Interoute, owner and operator of Europe’s largest next-generation network, has increased its UK footprint with direct connectivity to Equinix’s LD4 International Business Exchange™ (IBX®) data centre located on the outskirts of London. Financial institutions can now utilise Interoute’s Fast Trade service to connect to both the major and emerging Multilateral Trading Facilities (MTFs) and trading venues located within the Equinix IBX data centre and other key financial exchanges throughout Europe.
As electronic trading grows, new MTFs have emerged to address the specialised needs of high frequency algorithmic trading. Equinix’s LD4 IBX network-neutral data centre has become a key UK location for these execution venues and is also home to a critical mass of buy and sell side firms, market data and technology providers. This diversity provides firms with maximum choice over which of their peers to partner with and also enables participants to quickly establish operational relationships with one another for the development of new opportunities, latency reduction and to decrease a firm’s time to market.
Financial institutions located in the Equinix LD4 IBX data centre now have the choice to use Interoute’s Fast Trade service to quickly connect to numerous exchanges across Europe with guaranteed low latency and stringent Service Level Agreements (SLAs). Interoute’s growing pan-European network offers extensive levels of connectivity to the leading MTFs.
“We are already connected to 11 of Equinix’s IBX data centres in Europe, as well as many other key facilities. With our on-net presence in 100 cities, we are working to directly connect to as many leading and emerging exchanges as possible,” said Lee Myall, UK Regional Director at Interoute. “The increase of algorithmic trading across Europe has been huge and we are matching demand from financial institutions looking to trade across Europe competitively.”
Interoute is seeing increasing demand from financial firms for direct, high availability bandwidth into Equinix‘s LD4 IBX data centre. By connecting through Interoute’s Fast Trade, organisations are able to benefit from Interoute’s premium SLAs. The bandwidth allocated via the Fast Trade product is entirely dedicated to the customer’s use and thus maintains consistent low latency. Before it’s delivered, each Fast Trade route is tested for its exact round trip delay, to the nearest 100 microseconds, which is then guaranteed in the SLA for that specific service. Financial firms are provided a predictable high quality, ultra low latency service. Furthermore, should the service be unable to meet the SLA’s guaranteed round trip delay the customer is free to cancel the service without any additional charges.
For further information, please click here to view a video titled ‘Algorithmic trading with the fastest bandwidth speeds in Europe” featuring Interoute’s Director of Wholesale Products and Services, Jonathan Wright.
Equinix, Inc. (NASDAQ:EQIX, news, filings) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and more than 575 network service providers rely upon Equinix’s insight and expertise to protect and connect their most valued information assets. Equinix operates 87 International Business Exchange™ (IBX®) and partner data centers across 35 metro areas in North America, Europe and Asia-Pacific.
Interoute is the owner operator of Europe’s most advanced and densely connected voice and data network, encompassing over 55,000 km of lit fibre with 8 hosting data centres and 32 colocation centres and on-net to another 150 partner Data Centres across the European footprint. Interoute’s full-service next generation network serves international enterprises from a broad range of sectors including aerospace, automotive, finance, pharmaceutical and retail, plus every major European incumbent, as well as the major operators of North America, East and South Asia, governments, universities and research agencies. These organizations find Interoute the ideal partner for hosting content, providing wholesale bandwidth and transit services, corporate connectivity or creating new services. With established operations throughout mainland Europe, North America and Dubai, Interoute also owns and operates dense city networks throughout Europe’s major business centres.Providing service and support in 15 European languages, Interoute is a key part of Europe’s Digital Supply Chain. The network is future-proofed, endowed with Europe’s largest fiber and duct reserve, and is a leader in the deployment of advanced network technologies, from the ground to the Cloud. www.interoute.com
PR contact for Interoute
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London WC2H 7LT
Tel: +44 (0) 20 7842 3263
Fax: +44 (0) 20 7842 3299
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