US exchange tech upgrades bolster trading infrastructure
A set of technology decisions by NYSE Technologies, the commercial division of exchange group NYSE Euronext, and by US exchange operator BATS Global Markets, is helping to strengthen the infrastructure behind North American securities trading.
NYSE Technologies has opened its latest Liquidity Center installation in Toronto, Canada, to provide market access, market information and trading infrastructure services. The Toronto facility joins existing centres in the US, London and Tokyo.
The NYSE Technologies Liquidity Center Network was created to provide a base set of trading, data and connectivity applications that let traders enter key markets that may have been difficult or expensive to access in the past. From each centre, the firm offers its core services, including its risk management gateway, its SuperFeed high-performance market data distribution system, and its Marketplace FX community, which currently has 1,200 market participants.
“Through this Toronto hub, we can deploy our core NYSE Technolgies services to equalise market accessibility through simplified connectivity, ultra-low latency data products and technology solutions,” said Stanley Young, CEO, NYSE Technologies.
NYSE Technologies cited growth in trading activity in Toronto, its multiple alternative trading systems and its energy and mining focus as reasons for setting up a liquidity centre in the city. Additional centres are planned in other locations around the world.
Meanwhile, BATS has agreed to use IT infrastructure provider Savvis’ Chicago CH4 data centre as its secondary data centre facility for all three of its US markets. In the US, BATS operates two equities exchanges, the BZX Exchange and the BYX Exchange, and an equity options market, BATS Options. The primary matching engines and associated trading infrastructure for these three markets are already hosted in Savvis’ New Jersey data centre, meaning Savvis will now provide both primary and secondary disaster recovery data centres for BATS’ US operations.
“We believe the Savvis CH4 data centre in Chicago is the right place to serve as our secondary site for our three US markets because of the rich ecosystem of trading participants and cutting-edge, scalable IT services and connectivity operations,” said Chris Isaacson, COO for BATS.
BATS currently uses a data centre in New Jersey as the site for the backup of its BZX Equities Exchange. BATS has stated that the migration of the BZX Exchange disaster recovery site and the build out of the BYX Exchange and BATS Options disaster recovery sites in the Savvis Chicago CH4 facility will be competed this year.