The Warsaw Stock Exchange (GPW) is migrating its IT workloads to Equinix's WA3 data center.
The GPW will be moving its primary matching engine, platform, and Warsaw Automated Trading System to the data center.
Market participants will have test access from Q4 2023, and it is expected to be fully operational by November 2024.
“Migrating to Equinix’s WA3 data center allows GPW to offer more capabilities to our clients and enhanced trading performance," said Izabela Olszewska, a member of the management board at the Warsaw Stock Exchange.
"With the global reach of Equinix, GPW is tapping into the ecosystem where all the major market players are present enabling us to achieve unparalleled growth potential in the sector.”
The GPW is also going to offer a WATS Data Center Migration Support Program which will give monthly discounts on technology fees for Exchange Members from the moment they connect to the new data center. This offering will run between November 2023, to November 2024, and the discount will be based on due and paid invoices related to connecting to the facility.
"Financial markets are constantly pushing the boundaries of technology – demanding faster access, bigger data volumes, innovating on all fronts– and it takes a village to provide the supporting tech," Eleni Coldrey, capital markets specialist at Equinix, said.
"From clouds to AI, high-speed networks, and high-density solutions, the financial ecosystem at Equinix is enabling the next gen of global financial markets."
The Equinix WA3 data center is located in the Salomea district of Warsaw and is an International Business Exchange (IBX) facility. The data center was opened in March 2020 after a total investment of $34m. At full build-out, the facility was projected to offer 3,500 sqm (38,000 sq ft) of colocation space, with capacity for approximately 1,200 cabinets.
Other stock exchanges have made moves to migrate to the cloud in recent years. US stock exchange Nasdaq announced its intentions to move to AWS in December 2021, a migration that was still in process as of September 2023.
Meanwhile, Microsoft bought a stake in the London Stock Exchange (LSEG) in a deal that would see the LSEG migrate to Microsoft's Azure cloud platform.
