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The exchange will migrate its equipment from an existing data center, once the new one is built. As a result, the company expects to be able to provide additional colocation and hosting services, with clientele including both cash equities and futures markets participants. The new data center will also complement a variety of new systems and order-type functionality the exchange announced last week.
ASX will invest about $32m into the project, expected to be completed in August 2011 and brought online several months after completion.
The Australian exchange's project is only the most recent occurrence in the trend of stock exchanges around the world expanding and upgrading their data center capacity as securities trading shifts to electronic form, facilitated by computer algorithms. Today's exchanges are capitalizing on the high demand for colocation as close to the exchange's own servers as possible to reduce latency of transmission of market data.
NYSE Euronext, operator of two of the world's largest stock exchanges, is close to completion of two new data centers in Mahwah, N.J., and Basildon, England. The London Stock Exchange in November opened a new floor in its London data center, increasing the facility's capacity fivefold. Hong Kong Stock Exchange announced in February a $700m plan to build a new 118,400 sq ft data center to consolidate several existing facilities.
The exchange will migrate its equipment from an existing data center, once the new one is built. As a result, the company expects to be able to provide additional colocation and hosting services, with clientele including both cash equities and futures markets participants. The new data center will also complement a variety of new systems and order-type functionality the exchange announced last week.
ASX will invest about $32m into the project, expected to be completed in August 2011 and brought online several months after completion.
The Australian exchange's project is only the most recent occurrence in the trend of stock exchanges around the world expanding and upgrading their data center capacity as securities trading shifts to electronic form, facilitated by computer algorithms. Today's exchanges are capitalizing on the high demand for colocation as close to the exchange's own servers as possible to reduce latency of transmission of market data.
NYSE Euronext, operator of two of the world's largest stock exchanges, is close to completion of two new data centers in Mahwah, N.J., and Basildon, England. The London Stock Exchange in November opened a new floor in its London data center, increasing the facility's capacity fivefold. Hong Kong Stock Exchange announced in February a $700m plan to build a new 118,400 sq ft data center to consolidate several existing facilities.