Trading tools

Interxion hosts low-latency AlgoSpan and ALGO Technologies services

Trading technology provider ALGO Technologies and connectivity supplier AlgoSpan have made their services available to clients of data centre operator Interxion.

The agreement will allow market participants that are located at Interxion’s London data centre to use AlgoSpan for high-speed connectivity to trading venues located across London, Europe and the US. According to AlgoSpan, it is the first provider to create an ultra-fast connection between Interxion’s UK data centre, located just east of the City of London, and other data centres in Slough, England, with an estimated one-way latency of 270 microseconds.

Furthermore, Interxion customers will be able to start trialling ALGO Technologies’ market data services, which include raw, normalised and consolidated international data products, free-of-charge with immediate effect.

As part of the agreement, AlgoSpan and ALGO Technologies will also seek to expand their offerings to Interxion’s other data centres in Frankfurt, Stockholm, Zurich and Madrid.

“An important factor in our co-location decision was the unique City of London location of Interxion’s data centre, combined with their fast growing financial services customer community,” said ex-Chi-X Europe executive Hirander Misra, now CEO of ALGO Technologies and co-founding director at AlgoSpan. “Interxion’s extensive customer base, combined with our speed of connectivity and quality of market data, positions us well to help the latency sensitive trading community gain ultra-fast connectivity to trading venues and market data feeds.”