Trading

XTX Markets plots €1bn data centre complex in Finland

Five centres planned to handle data behind $250bn of daily trades

Concept art of XTX’s planned data centre complex in Finland. Photo: XTX Markets
Concept art of XTX’s planned data centre complex in Finland. Photo: XTX Markets

Algorithmic trading firm XTX Markets plans to spend more than €1bn developing a data centre complex in Finland to manage the vast information behind its high-speed trading.

The London-based firm has started building the first centre and intends to seek planning permission for four more on its 478-acre site in the central Finland town of Kajaani.

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