Wednesday, October 18, 2017

Colt taps into data centre in former NATO campus to ramp up financial customers reach

Renewable energy, data laws and high performance computing key attributes for Colt’s decision.

Colt has deployed its PrizmNet extranet at Verne Global’s Iceland data centre sitting in a former NATO campus, as the company continues to seek business around the financial sector.

PrizmNet is a financial extranet that connects a global capital markets ecosystem of more than 85 exchanges, venues and service providers and over 10,000 participants.

The move will Colt to address customer needs and market opportunities within Investment Banks, Hedge Funds, Systematic Trading firms, Exchange groups and integrated market infrastructure groups, Information service providers, and Interdealer brokers.

Andrew Housden, VP Capital Markets at Colt, said: “Our partnership with Verne Global provides Colt customers with access to Iceland’s abundance of renewable energy, making it a prime location for the growing demands for big data storage and non-latency sensitive services.

“We can now offer dedicated hosting in Iceland for firms that require high density cooling and processing, giving them the ability to optimise and scale their intensive compute applications, meet regulatory compliance requirements, and lower their operational costs and carbon footprint with no premium for going green.”

Stef Weegels, Sales Director, Finance & Capital Markets at Verne Global, said: “The financial markets are increasingly relying on artificial intelligence and machine learning as an essential element of that, to manage the development of trading strategies requiring the analysis and interpretation of large structured and unstructured data sets.”