CNBC Features CoreSite Trading Hub
July 12th, 2013 By: Rich Miller
An article over at CNBC looks at the growing importance of the Washington, D.C. market for high frequency trading, especially on days when the U.S. government issues potentially market-moving reports. The story focuses on the concentration of trading activity at the CoreSite data center building at 1275 K Street. CNBC writes: “The idea: Get access to federal data milliseconds faster than those traders waiting patiently for it to travel at the speed of light up fiber optic lines to markets in New York, New Jersey and Chicago. ”
Long-time readers of Data Center Knowledge will be familiar with the value of 1275 K Street as a low-latency hub, as we wrote about this topic three years ago. But the CNBC story is likely to increase the profile of the CoreSite facility, and the prospect of infrastructure in Washington itself having a latency advantage over trading hubs in northern Virginia and New Jersey. Check out the CNBC web site for the full story.
A neophytePosted July 15th, 2013
It will certainly make it more coveted and expensive. That building has been near full since its inception.