Deutsche Bourse Moves to Equinix Frankfurt
Deutsche Bourse will switch its trading engines to a Frankfurt-based data center owned by Equinix to provide faster trading services to high-frequency traders, reports Deutsche Welle. Deutsche Bourse’s move to Equinix’s FR2 International Business Exchange (IBX) site will enable banks and trading firms using proximity hosting services directly on to the exchange’s trading engines.
The relocation of Deutsche Bourse’s trading engine relocation was driven by the recent success of new trading venues in pulling sizeable chunks of trading volumes away from established exchanges, according to Artur Fischer, joint-CEO at Börse Berlin Equiduct Trading, a pan-European trading platform. “Since newcomers like Chi-X Europe and ourselves have come to the market, the incumbent exchanges have been forced to compete on speed as well,” said Fischer.
Read more at Deutsche Welle.