(WEB HOST INDUSTRY REVIEW) — The largest US options exchange and creator of listed options, the Chicago Board Options Exchange (www.cboe.com), has chosen a New York City area Equinix (www.equinix.com) data center for its electronic trading operations for its all-electronic exchange, currently known as “C2,” providing the growing number of electronic trading firms in the center with direct proximity to CBOE’s C2 options products.
Global data center services provider Equinix announced Monday that the Equinix New York-4 (NY4) International Business Exchange (IBX) data center in Secaucus, New Jersey will serve capital market participants such as exchanges, buy and sell side firms, market data providers, technology utilities and network service providers. NY4 is Equinix’s largest US data center, which will be 340,000 square feet at full build out – about the size of five football fields.
“This move brings all the benefits of the operations CBOE currently has in the Chicago area to the immediate proximity of the leading market participants in the New York area, reducing the latency in an industry where milliseconds can make a significant difference,” CBOE executive vice president and chief information officer Gerald O’Connell said in a statement.
While the organizations are still waiting for a green light from the state Site Evaluation Committee, and CBOE has not yet announced an official launch date for the new exchange, Equinix business development director John Knuff is confident that CBOE’s new electronic trading platform will launch within Equinix’s NY4 data center, to the significant benefit of the existing financial trading companies and networks already in the center. “[I]t will allow new CBOE customers to place their trading infrastructure within our flexible and high-performance data center environment,” Knuff said in a statement.
With 42 IBX data centers in 18 markets between North America, Europe and Asia-Pacific, New York is just one of many markets for Equinix. Last week, Equinix announced plans to build a 2,983 square meter (or 32,108 square foot) data center in Zurich, Switzerland, which will double Equinix’s footprint in Zurich, one of its largest European markets for interconnection services. Also, earlier this month, Equinix announced it would be offering high performance colocation and low-latency connectivity solutions to Japan’s largest commodity futures exchange, Tokyo Commodity Exchange (www.tocom.or.jp), via Equinix’s two Tokyo IBX data centers.
No related posts.
