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Dark Fiber - Nordic Trading Platform Burgundy Goes Live at Interxion's Stockholm Data Center

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March 30, 2011

Nordic Trading Platform Burgundy Goes Live at Interxion's Stockholm Data Center

By Rajani Baburajan
TMCnet Contributor

Interxion Holding, a provider of carrier-neutral colocation data center services in Europe, announced that Burgundy, a trading platform for Nordic securities, has gone live at Interxion’s (News - Alert) Nordic Financial Hub in Stockholm.

The new live platform enables investment and trading firms to cross-connect to Burgundy’s matching engines by colocating their trading systems at Interxion’s Stockholm data center. The development also allows market participants to cost-effectively connect to Burgundy at 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, CEO of Burgundy, in a statement.

As a significant proportion of Nordic trading is conducted outside the region, there is a need for colocation and proximity services.

“We’re extremely pleased to work with Burgundy to provide colocation services to market participants in the Nordic region,” said Peder Bank, managing director of Interxion Nordics. “This service will allow investment and trading firms to benefit from faster and more cost-effective access to this strategically important regional trading venue.”

The colocation at Interxion enables market participants to gain from the ecosystem of service providers within the data center, including leading real-time market data vendors, technology vendors and low-latency connectivity providers.

Interxion also offers colocation to liquidity venues such as Equiduct, Quote MTF, Plus Markets and Nordic Derivatives Exchange, and proximity hosting to NYSE Euronext, Bolsa de Madrid and SIX Swiss Exchange.

The company is serving more than 1,100 customers through 28 data centers in 11 European countries. Interxion's energy-efficient data centers offer extensive security and uptime for users’ mission-critical applications.

Recently, Interxion announced that Bull, an IT company from Europe, expanded its equipment housing requirements with Interxion. The agreement for additional equipped space includes an option to expand into a second Interxion data center.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Janice McDuffee
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