Switch and Data (SDXC) is leveraging its network of data center peering facilities to seek a larger foothold in the lucrative world of low-latency financial trading, taking on Equinix (EQIX) and Savvis (SVVS), among others. Read More
Telx continues to expand its data center footprint, and has taken an additional 14,000 square feet of space at 111 8th Avenue, a major New York carrier hotel. Read More
360 Technical Center Solutions (360TCS) has opened a new data center in Lombard, Ill. and is focusing on providing high-density data center space to Chicago-area financial firms. Read More
Wall Street continues to invest in mission-critical IT infrastructure to support low latency trading in data center space operated by Equinix (EQIX). Read More
Another major bank merger to digest: Citigroup (C) has acquired Wachovia in a deal facilitaed by the FDIC. Read More
How will the crisis on Wall Street impact the Internet economy and US technology industry? Here’s a roundup of different facets of the crisis’ fallout. Read More
Lehman Brothers spent $1.14 billion on IT in 2007, while Merrill Lynch invests up to $4 billion annually in communications and IT. Read More
Trading on the London Stock Exchange has been halted for most of today due to a “connectivity issue” that has left UK traders unable to respond to a rally on Wall Street. Read More
The growth of low latency trading has also been good for stock exchanges that offer colocation services, as well as data center providers like Savvis (SVVS)and Equinix (EQIX).
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