INTERXION HOLDING NV, a leading European provider of carrier-neutral colocation data centre services, today announced that Equiduct, the fastest growing pan-European trading platform, has moved its matching engines into its City of London data centre to take advantage of Interxion’s leading connectivity and Financial Hub community.
Equiduct offers a pan-European trading platform designed to make the benefits of best execution available to the European retail investment community. Since the introduction of the Markets in Financial Services Directive (MiFID) regulation in 2007, new trading venues have successfully competed to offer execution alternatives, institutional investors have taken advantage of the benefits of competition. Orders of retail customers, however, are still mainly traded on domestic exchanges despite better prices available on alternative trading venues. Equiduct offers a unique and liquid business model designed to help retail firms to provide executions at the best price available across Europe.
Commenting on the decision to locate the data centres in Interxion, Peter Randall, CEO of Equiduct explains, “In order to achieve our growth ambitions we needed a reliable and high quality data centre partner. In making our selection, we were attracted by the prospect of being able to interconnect with Interxion’s financial services community. In addition, Interxion’s pan-European footprint of data centres will allow us to get even closer to our pan-European retail community and will be well positioned to support our future business development plans.”
Antony Foy, Group Managing Director of Interxion commented, “Our strength lies in providing choice and flexibility as well as efficient scalability of space and power. While speed is not a primary concern for the retail investment community today, we believe that over time their demands for low latency connectivity and colocation services is only likely to increase. We are delighted to be hosting Equiduct and this deal further reflects the strengths of our financial offering and the expertise we have within this field. We are confident that our world-class infrastructure and strong financial community are well-positioned to support both Equiduct and its clients with their current and future requirements.”