Nordic Growth Market to Locate Matching Engines at Interxion’s Stockholm Data Center

April 14, 2010 by  

Web Host ToolboxThe Netherlands – Interxion, a leading European provider of carrier-neutral data centers, today announced an agreement with Nordic Growth Market (NGM) AB, a Stockholm-based operator of securitised derivatives and equities exchanges, to locate NGM’s matching engines at Interxion’s Stockholm data center.

NGM will move the matching engines for the Nordic Derivatives eXchange, NGM Equity, and Nordic MTF to the Interxion Nordic Financial Hub at Interxion’s data center in Stockholm. NGM will go live at the Financial Hub in May, to coincide with the launch of Elasticia – a new trading system for its exchanges that is designed to deliver faster and more efficient trading across a broader range of asset classes and instruments.

“MiFID has certainly increased competition and fragmentation in the capital markets. We are seeing increasing demand for colocation and proximity hosting to existing exchanges and new trading venues right across Europe in order to reduce latency. Banks’ statistical arbitrage desks and high-frequency traders are now putting these services in place in Stockholm as the Nordic markets become more competitive”, said Lilia Severina, Interxion’s Proximity Hosting Director. “In response, trading venues such as NGM are looking for sophisticated data centers capable of both hosting their matching engines and offering proximity hosting services to their members. A large community of buy- and sell-side firms, as well as market data, connectivity and technology vendors, has already formed at Interxion’s City of London data center, and we are now seeing a similar community coming together at our Nordic Financial Hub”.

“As part of NGM’s strategic expansion, we needed a data center partner to help us not only move our existing systems, but also provide sufficient hosting capacity to support an increased demand as we expand into new regions and broaden our market offerings, initially with the launch of derivatives in Finland followed by the dual listing of equities in Sweden and Germany”, said Roger Peleback, CEO of NGM. John Sjöberg, CTO of NGM points out “We wanted a robust, carrier-neutral partner able to provide proximity services for our domestic, regional, and international clients. We are confident that Interxion will meet these needs, and we were impressed with its knowledge of – and commitment to – the financial services industry. We are delighted to be joining Interxion’s financial community, and we see great potential in this cooperation as NGM keeps expanding in the Nordic region”.

“Interxion is pleased to welcome NGM to the Nordic Financial Hub”, said Peder Bank, MD, Interxion Nordics. “Hosting NGM’s matching engines at the Financial Hub will further benefit regional and international institutions seeking to trade Nordic instruments. Trading venues, market data vendors, sell-side and buy-side institutions, and technology and connectivity vendors can all colocate at Interxion to reduce their connectivity costs and enjoy ultra-low-latency connectivity to the markets. We look forward to further expanding the financial services community at the Interxion Nordic Financial Hub”.

The Interxion 1,600m2 Stockholm data center offers a 2.5 MvA redundant grid connection, high-density power for blade servers, and direct access to more than 20 network service providers.

About Interxion

Interxion is a leading provider of carrier-neutral colocation data center services in Europe, serving over 1,100 customers through 27 data centers in 11 European countries. Interxion’s uniformly-designed, energy-efficient data centers offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by 350 carriers and ISPs and 18 European Internet exchanges across its footprint, Interxion has created content and connectivity hubs which foster growing customer communities of interest. For more information please visit

About Nordic Growth Market
Nordic Growth Market operates the Nordic Derivatives eXchange NDX, a leading Scandinavian retail market, with over 2,000 listed investment products including warrants, certificates, and mini futures. NGM also offer equity markets like the regulated NGM Equity and the unregulated Nordic MTF. Since November 2008, Nordic Growth Market is wholly owned by Boerse Stuttgart, Germany’s leading retail exchange. Do you wish to learn more about NGM? Please visit us at

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