The U.S. financial sector has been hit hard by the economic crisis, but financial companies continue to acquire more data center space for trading and asset management applications. Here's a summary of two deals announced yesterday:
- Global asset managment firm Neuberger Berman has leased space from Digital Realty Trust (DLR) for a "large data center" in the northeastern United States. "This Data Center will be a key element of Neuberger Berman's IT infrastructure, supporting advanced applications that will enable us to continue to serve our customers while growing each segment of our business as an independent asset management firm," said Paul Metzger, Senior Vice President for Information Technology at Neuberger Berman. "This space enables us to pursue an accelerated timeline for our datacenter project because it is ready to move into immediately with all of the security, redundant power and technical specifications to support and protect our IT systems."
- QuantHouse announced that it has expanded its operations within Switch and Data’s 111 8th Avenue site in New York, which serves the company's QuantHouse's QuantFEED application programming interface (API), which provides sub-millisecond access to market data. "Proximity to the U.S. equities markets is essential to QuantHouse, and being strategically colocated near the major market centers gives us the ability to offer low-latency market data services to our customers," said Stephane Leroy, Head of Global Sales and Marketing at QuantHouse, a leading provider of ultra low-latency market data and trading solutions.