Iress expands infrastructure to new Euronext data center in Italy

Rick Steves

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).

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<