Chi-X Canada has selected Switch and Data’s “Financial EcoCenter” at 151 Front Street in Toronto as its primary data centre, the companies said today. 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.
Chi-X Canada provides colocation and advanced tools to financial traders specializing in low-latency trading. The move to Switch and Data (SDXC) will allow Chi-X Canada to grow its colo operation and provide faster connectivity to its subscribers.
“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.”
“By virtue of its downtown location, our Toronto Financial EcoCenter sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago,” said John Panzica, Vice President 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 centre.”