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Colocation data center company Interxion has completed the second phase of an expansion to its ZUR1 data center in Zurich-Glattbrugg and added low-latency connectivity to London at its Nordic Financial Hub in Stockholm.
The Zurich expansion is the second of its three-phase plan to build out space and gives Interexion a data center footprint of 4,000 sq m at the facility.
An additional 640 sq m was added as well as free cooling capability, 2N UPS and N+1 back generators which Interxion said can provide 99.999% availability.
Intexion Switzerland managing director Eddy Van den Broeck said the facility can now offer up to 2.5kVA per sq m, making it ideal for high-density racks and "extremely high power supplies and performance in the smallest possible space".
"Through this sustained expansion programme we are in a position to enable the most advanced, high-density, high-performance applications," Broeck said.
The data center has connections to 30 carriers and ISPs and the SwixxIX (Swiss Internet Exchange).
In Sweden, Interxion has been pushing its connectivity out even further, providing low-latency connectivity between Stockholm to the rest of Europe with liquidity venues in mind.
A connection set up by Swedish Internet and telecom operator IP-Only has also been set up between London and Stockholm to help with algorithmic trading.
Interxion’s proximity hosting director Lilia Severina said 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," Severina said.
"Banks’ statistical arbitrage desks and high-frequency traders are now locating their trading platforms in Stockholm as the Nordic markets are becoming more competitive. The entrance of market participants from outside the Nordics is creating [a strong need] 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."