Iress expands infrastructure to new Euronext data center in Italy
The market data vendor 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.
Iress has plans to expand its backbone infrastructure and QuantFEED platform to the new Euronext colocation site in Bergamo, Italy.
Euronext is building out its new data center at the location and Iress will be one of the first market data vendors to expand there.
In the coming weeks, the Bergamo-based data center will be online and connected to the Euronext network of 19 other data centers.
Backbone infrastructure and QuantFEED at Bergamo IT3
Sebastien Tiphine, Head of Product at Iress, said: “We’re excited to announce that Iress continues to cement its position as the leading provider of API data solutions. 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. We’re confident our clients will experience a seamless transition as we bring our services online at the new site and enjoy the benefits of the new location as soon as the site is operational.”
“We will continue to listen to the changing requirements of our growing customer base, just as we listen to the ecosystem itself and will always look for new ways to provide customers with the very best solutions, not just for right now, but also for the future.”
Iress will gain access to hosting space and connectivity services which will allow them to continue to offer ultra-low latency API data solutions to its customers. Iress is already helping existing clients to seamlessly relocate to Bergamo IT3.
The market data vendor 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.
In November 2021, Iress announced the creation of an API Data and Trading Solutions team, which completes the full integration of the QuantHouse business, acquired in May 2019, with Iress’ existing market data capabilities.
The API Data and Trading Solutions team aims to address the strong demand for market data and infrastructure solutions.
According to a recent study from Google, 67% of sell side firms surveyed consume cloud-deployed market data and 88% plan to consume more in the coming year.
The numbers are even greater on the buy side, with 90% of surveyed firms consuming cloud-deployed market data today, and 70% planning to increase that in the next 12 months. Iress’ API Data and Trading Solutions team is designed to help these firms take advantage of the transition.
This only comes to show the importance of API data and cloud services which continue to be adopted at pace by financial services firms.
Iress offers market data feed API solutions (such as the QuantFEED low latency data platform), data products (such as historical data on-demand, reference data & analytics), and infrastructure and connectivity (such as managed hosting and connectivity solutions).