Connecting Iceland’s growing financial services community to the global markets
LONDON, UK and KEFLAVIK, Iceland, 27 June 2017 - Verne Global, a provider of highly optimised, secure and 100% renewably powered data center solutions, today announced the availability of access to Transaction Network Services’ (TNS) Secure Trading Extranet at its innovative data center in Iceland. Verne Global’s low carbon data center campus has quickly become a hub for financial services companies that are looking to create a cost-effective, scalable location for the high-compute, power-intensive applications required to move their businesses forward.
TNS, one of the world’s largest dedicated electronic trading networks, brings together an extensive global financial community of interest with over 2,000 endpoints. This includes many of the world’s most prominent and influential buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues.
The addition of TNS to the growing financial services ecosystem located in the Verne Global data center delivers additional connectivity options from Iceland to the global market. It also provides TNS customers with access to a secure, low-cost, highly efficient data center to house and connect their applications and services.
Firms within Verne Global’s data center are able to leverage a variety of access providers, including the TNS Secure Trading Extranet managed VPN connection. This service offers secure VPN connectivity to hosted applications as well as financial community connectivity. It allows for rapid set up, provides secure throughput and is asset class agnostic. It is an ideal solution for any financial services firm looking to connect to the global markets. Once connected to TNS, new on-net connections to providers or trading counterparties can usually be established within days.
Dominic Ward, Managing Director at Verne Global commented, “Adding high-value connections to our campus such as TNS is part of our strategic initiative to deliver the partnerships and programs that make it easy for our customers to leverage Iceland’s abundant energy.” He added, “With the addition of TNS, firms will have the ability to combine the advantages of locating in Iceland with the assurance that they can easily connect to the global financial community.”
Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services Division, commented, “We are delighted to be able to support Verne Global and our mutual customers to cost efficiently connect to this state of the art Icelandic facility. The low cost, scalable and flexible VPN solution will both reduce the barriers to entry and speed time to market for these firms, furthermore they can fully capitalise on the naturally powered and cooled colocation services offered by Verne Global.”
- Iceland was voted the world’s safest location for a data center, obtaining 1st place (lowest risk) out of 37 nations in the 2016 Data Center Risk Index, published by Cushman & Wakefield. This report takes into account ten variables including energy cost, connectivity, ease of doing business, level of corporate tax and political stability.
- Independent global technology advisory firm, Citihub Consulting, recently published a whitepaper on Iceland as a strategic data center location for financial services firms. It is Citihub Consulting’s belief that Iceland should feature highly in location strategy discussions.