Remaking the NYSE’s Data Center
Speed is critical for the growing number of traders who rely on algorithms to detect market shifts. So NYSE Euronext is building two new data centers that the exchange hopes will allow it to process trades faster than its rivals.
The new data centers are being built outside of London and New York City, and are scheduled to open in 2010. When they do, the NYSE will have an advantage with “the most obsessive traders,” says Steve Rubinow, NYSE’s chief information officer.