Financial technology provider Iress announced that it will expand its backbone infrastructure and QuantFEED platform to the new Euronext colocation site in Bergamo, Italy. Iress is amongst the first market data vendors to take up residence at the new site, as Euronext builds out its new data center at the location.
The agreement with Euronext provides Iress with hosting space and connectivity services which will allow them to continue to offer the lowest possible latency API data solutions to its customers. Iress will host part of its core market data platform from the new site, which will be an additional site supporting its flagship API data product, QuantFEED, and enhancing its infrastructure and connectivity proposition.
The new data center is anticipated to be online and connected to the company’s network of 19 other data centers in the coming weeks. Iress is already helping existing clients to relocate to Bergamo IT3.
Iress’ head of product – APIs, Sebastien Tiphine, said in a statement: “By proactively taking this important next step, we are demonstrating our commitment to investing in our infrastructure and technology platforms to offer and maintain the highest-performance API data solutions available.”