STOCKHOLM 16 February 2011 – INTERXION HOLDING NV, (NYSE:INXN, news), 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”.
Interxion is a leading provider of carrier-neutral colocation data centre services in Europe, serving over 1,100 customers through 28 data centres in 11 European countries. Interxion’s uniformly designed, energy-efficient data centres offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by 350 carriers and ISPs and 18 European Internet exchanges across its footprint, Interxion has created content and connectivity hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com
IP-Only is a modern Swedish Internet and telecom operator that owns its own Nordic fiber infrastructure. Customers include the most demanding users of data communications, such as other operators, communications-intensive companies, financial institutions and media companies (such as well-known Aftonbladet, AGA, Handelsbanken, Level3, Swedish National Television, etc.). For more information, please visit www.ip-only.com
Ali Moinuddin, Marketing Director
Tel: +44 207 375 7038
Dennis Söderström, Business Unit Director, Finance
IP-Only Telecommunication AB (publ)
Tel: +46 70 843 10 39