(PRWEB) August 17, 2006
IX Europe plc, (“IXEurope”), (AIM: IXE) one of Europe's largest and fastest growing datacentre services providers, announces that it has signed a partnership with Deutsche Börse Systems to enable financial trading organisations, particularly those using algorithmic trading strategies, to increase their transaction speeds.
As part of IXFX, IXEurope’s new Financial Exchange datacentre service, organisations currently trading through Deutsche Börse Systems will now be able to colocate their servers at close proximity to a main replicated core of Deutsche Börse Systems’ infrastructure located within one of IXEurope’s German IXDatacentres in Frankfurt-am-Main. By colocating in the same datacentre the connection speed is significantly increased, resulting in trades being executed in some instances significantly faster than previously.
"Over the past year, we have seen a growing trend to increase speed and reduce cost of the increasing volume of electronic transactions within the financial services sector," said Guy Willner, CEO of IXEurope. "We are excited to be working with Deutsche Börse Systems on their proximity service in Frankfurt. We already have a fast growing number of financial services companies within our fourteen European IXDatacentres. They use our facilities both to improve the environment for their servers and also to access the huge amount of network connectivity you get in a carrier-neutral datacentre.”
"By offering Proximity Services, we are responding to the growing market demand for low latency access to our execution venues and our market data streams," said Michael Kuhn, CIO of Deutsche Börse and CEO of Deutsche Börse Systems. "This is a further example of the innovative customer solutions that Deutsche Börse Systems offers market participants," Kuhn concluded.
For further details
Guy Willner, Chief Executive
020 7689 1400
Corinna Dorward/Carl Franklin
020 7457 2020
IXEurope is one of Europe’s fastest growing providers of datacentre services. Its principal activities include primary datacentre services, connectivity services and business continuity solutions.
IXEurope works with enterprise and internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company has over 400 customers in the enterprise, internet and networking markets including Merrill Lynch, Network Rail and France Telecom.
The agreement with Deutsche Börse Group will allow IXEurope to offer proximity services to customers for lowest possible latency access to Deutsche Börse Systems’ execution venues and market data streams. This cooperation enables customers to place their trading equipment as close as possible to the different matching engines and data dissemination services of the market, reducing the latency delay inherent in the speed of light. Algorithmic trading, or the use of electronic algorithms to trade on an electronic exchange, is highly dependent on execution speed and market data availability down to the millisecond. Proximity of their algorithmic trading engine to the technical infrastructure for operating the market offers customers immediate ultra low latency access, while having remote access from their trading location to parameterise their machines.
The partnership between Deutsche Börse Systems and IXEurope will enable customers to get access to the whole required band of proximity services: from connection to Deutsche Börse Group execution venues and market data streams, Housing, Remote System Management and Remote Access Solutions to hardware supply and maintenance. Deutsche Börse Systems' sophisticated network architecture offers optimised network infrastructure with overall connection availabilities of above 99.999 percent.
Founded in 1998, IXEurope was listed on the London Stock Exchange in April 2006. For more information please visit the website at http://www.ixeurope.com
About Deutsche Börse Group
Deutsche Börse Group is a leading service provider to the global securities industry with products and services for issuers, investors, intermediaries and data vendors. The Group covers the entire securities process chain from trading over clearing all the way to settlement and custody. Deutsche Börse Group is also a provider of IT solutions and an insourcing partner for the global securities industry as well as a leading provider of market data and analytics.
Deutsche Börse Systems is a subsidiary of Deutsche Börse AG. It maintains the world's largest exchange network and builds, maintains and operates all of Deutsche Börse Group’s trading, clearing and settlement systems including Xetra and Eurex. With its high performance network, the Group connects some 2,000 market participants worldwide.