The Boston Options Exchange said this week it will locate the primary matching engine for its electronic equity options market at the Equinix New York-4 (NY4) International Business Exchange (IBX) data center in Secaucus, N.J. The move will provide BOX customers, including proprietary, high-frequency and algorithmic trading firms, with a scalable data center infrastructure from which they can directly connect to the BOX matching engine, according to the exchange. Within Equinixs NY4 center, BOX will participate in the Equinix Financial eXchange, an established community of execution venues, buy and sell side firms, and technology utilities that have located at Equinixs data centers. Operating within Equinixs NY4 center will put BOXs order matching engine in the middle of an existing community of financial trading companies and electronic trading networks, while providing our customers with a high-performance trading environment from which they can link to BOX with the lowest levels of latency, said Alan Grigoletto, senior vice president for BOX. This means we can now pair BOXs ultra-fast matching engine with the advantages of colocating, thereby eliminating any geographic latency. John Knuff, director of business development for Equinix added that in addition to benefiting our current customers in the NY4 center, BOX will directly benefit from our base of global network providers that enable un-constricted order flow to their exchange." This article can also be found at SecuritiesIndustry.com.
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