Alternative trading system Chi-X Canada said today it will house its matching engine and co-location customers within Switch and Data’s Toronto data center.
Chi-X Canada will utilize Switch and Data’s Toronto Financial EcoCenter as its primary data center, allowing Chi-X Canada to grow while continuing to provide access to subscribers wishing to co-locate at the facility and even lower latency connectivity for its domestic and international direct subscribers, the companies explained in a joint announcement.
“Since launching nearly two years ago, one of our primary focuses has been working with both our global subscriber base and the vendor community to provide fair, seamless and, above all else, low-latency access to our industry-leading trading platform,” said Dan Kessous, COO of Chi-X Canada. “Switch and Data’s world-class Toronto facility will enable us to provide the level of service that our existing clients have come to expect from Chi-X Canada, while at the same time allowing us to continue bringing new global trading participants to Canada.”
Switch and Data, a data center and Internet exchange services, is currently in the process of being acquired by competitor Equinix for $689 million. The acquisition, which was announced in October, will integrate Switch and Data’s data center business and operations, including the company’s 34 data centers in 22 markets in the U.S. and Canada, will extend Equinix’s presence in 16 new markets across North America.
The Toronto Financial EcoCenter sits at the terminus of several of the long-haul fiber optic cables originating in New York and Chicago, noted John Panzica, vice president of the financial services practice for Switch and Data. “As such, many of the world’s leading trading firms and vendors are already connected, making 151 Front Street an ideal location for Chi-X Canada’s primary data center.”
Chi-X Canada will retain its current Exchange Tower data centre as its backup facility, and expects the move to 151 Front Street to take place in late Q2.
Switch and Data’s Toronto site is located within 151 Front Street. The facility provides resilient and redundant cooling, UPS and generator systems plus 24x7 site security, environmental and infrastructure monitoring, and technical support, according to the company. The site has been designed to provide high-density power and cooling for the latest generation of servers.
This story can also be found at SecuritiesIndustry.com.
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