Information provider Dow Jones has opened its first co-location data centre in the Asia-Pacific region, allowing latency-sensitive market participants to benefit from faster market access.
The new co-location facility will be based at Dow Jones' Hong Kong office.
It will enable users of the firm's Elementized News Feed, a machine-readable data source that can be embedded into various algorithmic trading programmes and models, to receive data faster, thereby allowing traders to based decisions on more timely data.
“The new co-location centre in Hong Kong closes the latency gap between the east and west,” said Rob Passarella, a vice president at Dow Jones. “It is an essential step in accelerating execution for traders worldwide who use Dow Jones data that originate from the Asia Pacific region. The centre also helps lay the groundwork for the algorithmic-trading market in Asia to grow and compete with other markets around the world.”
“This co-location centre further illustrates Dow Jones's commitment to the region. We have strengthened our news-gathering force locally and now are investing in the technology our clients need to best leverage that news in their trading decisions and executions,” added Christine Brendle, managing director of Dow Jones Asia Pacific.