CoreSite Pitches D.C. as Low-Latency Hub
The hot spots for low-latency financial trading have always been Wall Street and the Chicago commodities markets. Traders’ need for high-speed access to servers operated by financial exchanges has boosted data center providers in northern New Jersey and Chicago.
Is there also value in accessing government data at ultra-fast speeds, allowing traders to make decisions more quickly than less-connected rivals? Can monthly economic reports from the government create low-latency ecosystems as well?
CoreSite is advancing this concept in positoning its data center at 1275 K Street in Washington, D.C. as a destination for low-latency trading firms. Today CoreSite announced that economic news services Need to Know News and RapiData have deployed equipment at 1275 K Street, which is located just one mile from the federal departments of Labor, Commerce and Treasury, all of which issue potentially market-moving economic reports.
Need to Know News and RapiData have reporters at each of these government agencies, who load data into custom applications for instantaneous delivery the moment the reports are released. The data then travels to data centers in northern Virginia, New Jersey and Chicago.
CoreSite says the closer proximity of its Washington, D.C. data center can offer “more than a millisecond advantage over suburbs such as Ashburn, Virginia.”
“The addition of Need to Know News and Rapidata, combined with the proximity to fiber routes and Government agencies makes our Washington, DC colocation facility an ideal location for trading firms, investment banks, and other economic news providers,” said David Dunn, CoreSite’s SVP of Strategy and Marketing.
CoreSite’s Washington, DC data center at 1275 K Street has access to more than 40 carriers and service providers, allowing them to negotiate and choose the best provider for the most optimal routes and services.
DanPosted August 9th, 2010
1275 K St is a multitenant building….several carriers and colo providers are present. That’s a benefit and a liability. Back in 2004, one carrier had a battery condition and HAZMAT condition, shutting down the space. Not to mention, its at Ground Zero for a terrorist attack whereas Ashburn and other metro areas are more insulated.
James DugganPosted August 9th, 2010
1275 K Street is a “carrier-hotel”, not a “datacenter”. The differences are pretty explicit. The interconnectivity is strong at this location and for small cabinet and meet-me room carrier activity, it is a super location. But for anything more than 2 or 3 cabinets or any density Northern Virginia is the place to be. Have also been hearing from a few current customers at this location that Coresite is out to jack up the pricing for power and cross-connects. Their decisions are made over 1,000 miles from their nearest facility.