NGM to locate matching engines at Interxion’s Stockholm data centre

Lilia Severina, Proximity Hosting Director, Interxion: "We are seeing increasing demand for colocation and proximity hosting to existing exchanges and new trading venues right across Europe in order to reduce latency."

Interxion, the European provider of carrier-neutral data centres, has announced an agreement with Nordic Growth Market (NGM) AB, a Stockholm based operator of securitised derivatives and equities exchanges, to locate NGM's matching engines at Interxion's Stockholm data centre.

NGM will move the matching engines for the Nordic Derivatives eXchange, NGM Equity, and Nordic MTF to the Interxion Nordic Financial Hub at Interxion's data centre in Stockholm. NGM will go live at the Financial Hub in May, to coincide with the launch of Elasticia - a new trading system for its exchanges.

"MiFID has certainly increased competition and fragmentation in the capital markets. We are seeing increasing demand for colocation and proximity hosting to existing exchanges and new trading venues right across Europe in order to reduce latency. Banks' statistical arbitrage desks and high-frequency traders are now putting these services in place in Stockholm as the Nordic markets become more competitive", said Lilia Severina, Interxion's Proximity Hosting Director. "In response, trading venues such as NGM are looking for sophisticated data centres capable of both hosting their matching engines and offering proximity hosting services to their members. A large community of buy and sell-side firms, as well as market data, connectivity and technology vendors, has already formed at Interxion's City of London data centre, and we are now seeing a similar community coming together at our Nordic Financial Hub".

"As part of NGM's strategic expansion, we needed a data centre partner to help us not only move our existing systems, but also provide sufficient hosting capacity to support an increased demand as we expand into new regions and broaden our market offerings, initially with the launch of derivatives in Finland followed by the dual listing of equities in Sweden and Germany", said Roger Peleback, CEO of NGM. John Sjöberg, CTO of NGM points out "We wanted a robust, carrier-neutral partner able to provide proximity services for our domestic, regional, and international clients. We are confident that Interxion will meet these needs, and we were impressed with its knowledge of - and commitment to - the financial services industry. We are delighted to be joining Interxion's financial community, and we see great potential in this cooperation as NGM keeps expanding in the Nordic region".