NYSE Euronext (NYX) said Wednesday that its European liquidity data center is now open, with the first phase of customers installing equipment in readiness for the anticipated migration of all NYSE European matching engines in the fourth quarter of this year.

The new state-of-the-art facility will house all of NYSE Euronext’s European markets and also includes a next generation co-location service for trading firms. The company’s European liquidity data center will "leverage the latest advancements in design and efficiency to create one of the most resilient, high-capacity and low-latency facilities in the world," according to NYSE Euronext.  

“The facility has been designed from the ground up to facilitate the free flow of global liquidity and enhance our customers’ access to markets,” said Dominique Cerutti, president and deputy CEO of NYSE Euronext.  “As both an innovative technology provider and a global exchange operator, NYSE Euronext is a leader in connecting markets with market participants and a diverse issuer base to create a truly global trading community.”

Stanley Young, CEO of NYSE Technologies, said the company aims is to " make it as easy as possible for firms to bring their trading systems into the facility, providing customers with unmatched reliability and the lowest latency access to all of NYSE Euronext’s European markets."

"We have built the facility to the highest standards of performance and we are looking forward to demonstrating its speed, connectivity and capacity, starting immediately with this first phase of the rollout of our co-location offering,” added Young.

The initial co-location phase comprises more than 40 high-frequency trading firms scheduled for installation and testing prior to the migration of the main matching engines for the NYSE Euronext, NYSE Liffe, NYSE Arca Europe and Smartpool markets, which is due for completion by the fourth quarter of 2010. Customer consultations for the second phase will begin in the summer with scheduled installations commencing in November.

In January, NYSE Technologies announced the launch of a U.S. liquidity data center to be located in Mahwah, N.J. Both centers are designed to maximize trading efficiency and resiliency with less than 50 microseconds of internal latency between customers’ equipment and the markets, said NYSE Euronext.


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