Clients of Verne Global’s Green, Cost-Saving Iceland Datacenter Get Colt PrizmNet Access

Officials say that making access to PrizmNet—which connects more than 85 exchanges, trading venues and service providers to more than 10,000 market participants—in Verne’s datacenter will help clients achieve cost savings amid growing requirements for high-performance computing applications and data storage because the datacenter uses Iceland’s climate to provide free cooling, while harvesting electricity from hydroelectric and geothermal energy to offer savings of more than 70 percent over datacenters in financial market centers.

“We are seeing tremendous growth in customer need for data from executable sources, as well as storage and risk modeling analytic tools, as new regulations continue to overhaul the market risk capital requirements,” says Andrew Housden, vice president of capital markets at Colt, in a statement. “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 optimize and scale their intensive compute applications, meet regulatory compliance requirements, and lower their operational costs and carbon footprint with no premium for going green.”