The Nasdaq Group is stepping up its IT infrastructure in Sweden, where it has announced it will move its data center to a new facility run by a specialist in hosting high frequency trading. The migration is the latest move in Nasdaq’s strategy to increase its range of technology services to the global financial services industry.
Nasdaq’s new data processing home will be a purpose built complex managed by UK based specialist Digiplex. The move, from its existing home in Lunda to nearby Upplands Väsby, will keep the primary trading data center serving the Nordic and Baltic regions, within 20 miles of the Swedish capital.
The potential for expansion was one of the attractions for moving to the new site wen the current contract runs out. Nasdaq resells colocation space to stock market traders, who seek to minimize latency of their own trading systems by placing them in close proximity to Nasdaq’s machines.
With sub-millisecond latency a key differentiator in the competitive environment of high frequency electronic trading, and Nasdaq expanding its own colocation business, the new facility could help it improve its offering, according to a spokesman.
The DigiPlex facility, when completed, will offer a potential 65,000 square feet of data center space and room for expansion. It will also have access to a potential 20 Gigawatts of power.
“We will be able to offer better services to our clients at the new data center,” said Nasdaq spokesman Richard Gaudy.
Nasdaq currently supplement its own infrastructure with FinQloud a cloud computing platform for the financial services industry built on top of Amazon Web Services’ (AWS) infrastructure.