(WEB HOST INDUSTRY REVIEW) — Yet another data center for low-latency trading is being built in New Jersey, this time by the world’s largest and most liquid exchange group, NYSE Euronext (www.nyse.com), which expects to complete its 400,000 square foot data center in 2010.
Expected to be a cornerstone of the NYSE’s major planned data center overhaul, according to a Wall Street Journal report, the new data center in Mahwah, New Jersey will offer low-latency colocation space for trading operations. NYSE, which maintains facilities in New York and Paris, is also building another in the London area.
NYSE Euronext co-chief information officer Steve Rubinow told the Wall Street Journal that the new facility will offer the latest in data center design and technology. “We are approaching our new data center design with fresh thinking and innovative ways to maximize space and cost to deliver the lowest latency and best performance to our customers,” Rubinow said, noting that the Mahwah facility will provide “the most obsessive traders” an advantage.
In support of the proximity hosting needed for financial market applications, companies such as Savvis and Equinix have completed expansions of their north Jersey colocation facilities this summer. Most recently, web hosting provider New York Internet Company (www.nyi.net), which specializes in the financial services industry, unveiled plans to build a 40,000 square foot data center in Bridgewater, New Jersey.
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