Despite the credit crunch and stock market meltdown, Wall Street continues to invest in mission-critical IT infrastructure, especially data center space to support low latency trading. Two leading providers of advanced trading systems, Dow Jones and RTS Realtime Systems, said today that they have added infrastructure in data centers operated by Equinix Inc. (EQIX).
RTS Realtime Systems said it has expended its operations at two Equinix facilities, the Chicago-3 data center in Elk Grove Village, Ill. and the New York-4 site in Secaucus, New Jersey. RTS offers high-speed low latency market access to more than 40 global equities, options and futures markets via its network of data centers in the U.S., Europe and Asia.
Dow Jones & Co. said it has deployed infrastructure in the Equinix Chicago-1 data center to extend the reach of its algorithmic trading products to its customers via the low latency financial ecosystem in Equinix Chicago data hubs.
“Making our news feed available from Equinix’s Chicago center significantly extends the Dow Jones footprint while giving our customers the highest available speed and performance with key exchanges and sources of U.S. and international data,” said Joe Lanza, vice president, managing director for algorithmic and trading solutions at Dow Jones Enterprise Media Group. “The faster our customers can get the information they need and execute trades on it, the more likely they can take advantage of market opportunities.”
“Speed is paramount in today’s financial markets,” said Steve Smith, president and CEO of Equinix. “By operating at Equinix, Dow Jones can provide its customers with critical news and information services with the lowest possible latency, providing them with a competitive advantage in developing their trading strategies.”
That competitive advantage is clearly something traders will continue to pay for in even the toughest times on Wall Street.