Aquis Exchange Joins Interxion’s Thriving Financial Community
LONDON, UK – 29 July 2013 – INTERXION HOLDING NV (NYSE: INXN), a leading European provider of cloud- and carrier-neutral colocation data centre services, today announced that proposed pan-European equities trading exchange Aquis Exchange Limited1, is to take its second data centre colocation facility at Interxion’s City of London data centre campus.
Currently, over 90% of European equity trading in each individual country takes place on two exchanges. Aquis Exchange, established in October 2012, has set out to revolutionise the European trading landscape and increase competition in the market by introducing tiered subscription-based pricing and innovative order types on its high performance trading platform. Aquis Exchange plans to offer equities from several markets for trading, including France, Germany, Italy, Netherlands, Sweden, and the UK.
Aquis Exchange called on Interxion to back-up its current operation, also located in London; a move which will enable the company to tap into Interxion’s thriving financial community consisting of over 100 capital markets participants including investment firms, high-frequency trading firms, hedge funds, brokers and bankers. The London campus provides the proximity hosting services and sub-millisecond latency that are critical for handling billions of financial transactions every day.
Commenting on the agreement, Aquis Exchange CEO Alasdair Haynes said: “We are pleased to announce that our secondary data centre is at Interxion’s London campus, which has a long and established heritage of providing colocation services to the financial industry. We are looking forward to the prospect of being able to deliver our services to their ever-expanding financial community.”
Doug Loewe, UK Managing Director, Interxion, “This announcement is further evidence of the strength of our London financial community and we are delighted that Aquis Exchange has chosen to locate at our London campus. This will be a perfect addition to the platforms we currently have and it reinforces our already strong play in equities trading, and highlights our position as a leading supplier of data centre services to the capital markets industry.”
1Aquis Exchange, which has applied for regulatory approval as a multilateral trading facility from the UK FCA, was established in October 2012 and has been created to operate a pan-European equities trading exchange and develop exchange software.
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Interxion (NYSE: INXN) is a leading provider of carrier and cloud neutral colocation data centre services in Europe: it serves a wide range of customers through 34 data centres in 11 European countries. Interxion’s uniformly designed, energy-efficient data centres offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by more than 450 fixed and mobile carriers and ISPs, and 19 European Internet exchanges, Interxion has created cloud, content, finance and connectivity hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.
About Aquis Exchange:
Aquis Exchange, which has applied for regulatory approval as a multilateral trading facility from the UK FCA, was established in October 2012 and has been created to operate a pan-European equities trading exchange and develop exchange software. The aim of Aquis Exchange is to bring fresh competition into the marketplace in order to lower the trading costs maintained by the existing duopoly.
Aquis Exchange’s subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all categories of professional trading firm. Users will be charged according to the message traffic they generate, rather than a percentage of the value of each stock that they trade. There will be different pricing bands to accommodate varying degrees of usage. There will be a very low usage band for small firms, that are traditionally disadvantaged by the pricing structure of the incumbent exchanges and, at the other end of the pricing structure, will be the top category where usage is unlimited (subject to a fair usage policy).