NYSE Euronext is moving towards live trading at its new data centres for the U.S. and Europe. At last week's A-Team Insight Exchange conference, Russ Kohn, managing director of global connectivity at NYSE Technologies, confirmed that live trading on the NYSE Classic market will begin in its Mahwah, NJ data centre on August 1, with NYSE Arca markets beginning to trade there in February 2011. Separately, the exchange today announced that customers had begin to install equipment in its European data centre.
NYSE Euronext says its European liquidity data centre, located in Basildon just outside of London, should be ready for the migration of all NYSE European matching engines in the fourth quarter of this year. Both data centres are expected to host the exchange's matching engines as well as co-located trading engines from its members.
The initial co-location phase in Basildon comprises more than 40 high-frequency trading firms scheduled for installation and testing prior to the migration of the main matching engines for the NYSE Euronext, NYSE Liffe, NYSE Arca Europe and Smartpool markets.
“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," says said Stanley Young, CEO, NYSE Technologies.
Both data centres are designed to offer less than 50 microseconds of internal latency between customers’ equipment and the matching engines. For those connecting into the markets from elsewhere, NYSE is upgrading the backbone of its SFTI network to 20 gigabits per second.