(WEB HOST INDUSTRY REVIEW) — Just weeks following the launch of Scandinavian trading facility Burgundy (www.burgundy.se), European carrier-neutral data center operator Interxion (www.interxion.com) will provide proximity hosting services at its Stockholm data center, providing capital market participants with highly reliable, low-latency access.
According to its Tuesday announcement, Interxion will also provide market participants high-density power configurations, guaranteed reliability with industry-leading service level agreements, and 24×7 secure access to equipment. Burgundy was a collaboration between the largest regional banks and brokers in Swedish, Norwegian, Finnish and Danish equities. Launched June 12, its goal is to be the top platform for trading Nordic shares.
“We aim to have 25 percent of Nordic liquidity by end next year, and we believe we have the backing and the infrastructure in place to provide a highly competitive alternative market,” Burgundy chief executive officer Olof Neiglick said in a statement. “Proximity-hosting services are a key element in our offer – a significant proportion of Nordic trading is currently conducted outside the region. As a result, there is a clear need for low-latency access, and Interxion have the location, the infrastructure, the connectivity and the expertise to provide a turnkey solution for our customers.”
Interxion Group managing director Anthony Foy said Interxion’s strategically located Stockholm data center gives international traders connecting with the Burgundy exchange a competitive advantage. “The Interxion proximity-hosting service provides guaranteed low-latency connections, flexible connectivity options, industry-leading service levels and best-in-class data center infrastructure,” Foy said in a statement.
Netherlands-based Interxion has also been active elsewhere in Europe, having recently completed its latest London data center expansion, adding more than 4,300 square feet (400 square meters) as part of the company’s build-out of its data center footprint across the 11 countries in which it operates. With an existing revolving credit facility of €135 million (almost $190 million), Interxion was given an additional € 45 million ($63 million) subordinated credit facility last month, bringing its financing for expansion to €150 million (about $250 million).
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