Moscow Exchange (MoEx), the largest exchange group in Russia, has chosen local player DataSpace as its primary data center provider.

After the move is complete, the 9.5MW DataSpace1 facility, located just 15 minutes away from Red Square, will host trading, clearing and depository applications as well as MoEx’s colocation clients.

“We look forward to working closely with MoEx for many years to come and hope that our strong partnership will serve as a great example, furthering the development of the Russian data center market," commented David Hamner, chairman at DataSpace.

Money needs uptime
Moscow Exchange operates trading markets in equities, bonds, derivatives, currency, agriculture and precious metals.

DataSpace is a carrier-neutral colocation provider founded in 2009 to offer a higher quality of data center services to Moscow-based organizations. Its four-floor DataSpace1 facility is the first and so far only data center in Russia and Eastern Europe to have completed the full cycle of Tier III Certification from the Uptime Institute.

During the first stage of the project, DataSpace1 will serve as a backup facility for MoEx, while the hardware and data is gradually migrated to the new site.

“The combination of physical security offered, operations expertise and Tier III Gold rating from Uptime were key factors in our decision making process. We are looking forward to fully deploying our primary trading infrastructure in a new home by May 2016," said Sergei Poliakoff, CIO at MoEx.

IDC estimates that the Russian data center market was worth more than US$456 million in 2013.

In early 2014, Moscow-based colocation provider IXcellerate started offering ultra-low latency connections to TMX Atrium’s financial services for companies wanting to access and trade the Russian markets.