Equinix (NASDAQ:EQIX, news, filings), the 800lb gorilla of carrier neutral colocation, notched two more victories in the financial vertical today. This morning it was LMAX in the UK, and the other day it was CBOE in New York.
The LMAX Exchange, which specializes in foreign exchange trading, has selected Equinix’s LD4/LD5 data centers. The Slough campus will be their primary operational site, from which it can offer ultra low latency trading at matching speeds of 3ms. They’ll join pretty much everybody else over there in London who isn’t in the financial district, as LD4/5 claims 200 trading participants on hand.
And back in the US, CBOE Holdings has moved its CBOE Command trading engine from Chicago to New Jersey, installing itself in Equinix’s NY4 facility in Secaucus as of the beginning of this week. That puts all five of their options and futures exchanges in New York, cutting latency and speeding trading up even further. They also announced their intention to establish a London hub in, as you might have guessed, Equinix’s LD4 facility in Slough.
If latency continues to drive everything in the financial world, seems like someday all the exchanges in all countries worldwide will operate out of the same building. But at some point, surely another aspect of investing other than raw speed will emerge and push latency out of the limelight? Something, that requires a bit more input from actual humans, perhaps…
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