New NYSE Euronext European liquidity data centre opens

NYSE Euronext announced that its new European liquidity data centre in Essex, UK, is now open, with the first phase of customers installing equipment in readiness for the anticipated migration of all NYSE European matching engines in the fourth quarter of this year. The new state-of-the-art facility will house all of NYSE Euronext's European markets and also includes a co-location service for trading firms, which is presently filling up.

The initial co-location phase now underway at NYSE Euronext's new data centre consists of more than 40 high frequency trading firms installing and testing systems prior to the migration of the main matching engines for the NYSE Euronext, NYSE Liffe, NYSE Arca Europe and Smartpool markets, which will move to the Essex facility in Q4 2010. Customer consultations for the second phase of the migration will begin in the summer with scheduled installations commencing in November 2010 before the 'go live' for the four major markets.

The migration process, particularly moving the Paris Euronext equity market to England, will involve a considerable amount of management and lift and shift cabling procedures to ensure a smooth transition but the new facility is essential to meet future demand and changing market practices, especially the need for speed which is driving proximity hosting.

According to NYSE Euronext the new data centre in Essex is designed to provide and facilitate an array of state-of-the-art technology solutions and will offer industry-leading co-location services, robust connectivity, flexible configuration capabilities and ultra-low latency market data, all managed by NYSE Technologies.

In January this year NYSE Technologies announced the launch of a similar US liquidity data centre located in Mahwah, New Jersey. Both facilities are designed to maximise trading efficiency and resiliency with less than 50 microseconds of internal latency between customers' equipment and the markets.

"We are very excited to welcome the first wave of customers into our new data centre," comments Dominique Cerutti, president and deputy CEO, NYSE Euronext. "The facility has been designed from the ground up to facilitate the free flow of global liquidity and enhance our customers' access to markets."

According to Stanley Young, CEO, NYSE Technologies, the new European data centre will provide a unique blend of cutting-edge technology and value-added services to all kinds of market participants. "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," he says. "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."

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