Global exchange group NYSE Euronext has started work to shift European clients to its new data centre based near London, UK including the migration of 40 high-frequency trading firms to its revamped co-location service.
The new facility will house all of NYSE Euronext’s European matching engines by the fourth quarter of this year and the first phase of customers have already started installing trading equipment in preparation for the switchover. The group’s current data centre based in Aubervilliers, France, will act as a secondary data centre after the change is complete.
The initial co-location phase is scheduled for installation and testing before the addition of the matching engines, which include NYSE Euronext’s European cash markets, derivatives market NYSE Liffe, pan-European multilateral trading facility NYSE Arca Europe and dark trading venue SmartPool.
Customer consultations for the second phase will begin in the summer with scheduled installations commencing in November.
According to NYSE Euronext, the new technology in its London data centre will offer robust connectivity, flexible configuration capabilities and low-latency market data managed by NYSE Technologies, the group’s commercial technology unit. Latency between customers’ equipment and markets is reported to be 50 microseconds.
“We are very excited to welcome the first wave of customers into our new data centre. The facility has been designed from the ground up to facilitate the free flow of global liquidity and enhance our customers’ access to markets,” said Dominique Cerutti, president and deputy CEO, NYSE Euronext, in a statement.
“Our aim is to make it as easy as possible for firms to bring their trading systems into the facility, providing customers with unmatched reliability and the lowest latency access to all of NYSE Euronext’s European markets,” added Stanley Young, CEO, NYSE Technologies. “We have built the facility to the highest standards of performance and we are looking forward to demonstrating its speed, connectivity and capacity, starting immediately with this first phase of the rollout of our co-location offering.”