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CME Group Opens Chicago Trading Hub
The CME Group has begun operations in a new data center in Aurora, Illinois that will house the servers managing trades on the company's derivatives markets.
Rich Miller
August 23, 2010
1 Min Read
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The CME Group has begun operations in a new data center in Aurora, Illinois that will house the servers managing trades on the company's derivatives markets, according to Dow Jones.
CME this week moved its electronic Globex trading platform into the new facility, and will move additional trading operations to the new site in October. A second phase slated for early 2012 will offer colocation space for brokers and trading firms to house their own systems in the facility.
The move is the latest in a round of new data center expansions driven by the growth of low-latency trading. Here's a review:
Earlier this month NYSE Euronext opened its new data centerin Mahwah, N.J., a 400,000 square foot facility that will become the focal point for the company's trading operations.
in July Direct Edge began exchange operations with a new data center platformsupporting its shift from an electronic communications network (ECN) to a stock exchange. Direct Edge is operating in Equinix and Telx facilities in New Jersey.
In June Savvis opened its new NJ2X financial trading hubin Weehawken, which will provide Savvis with additional space to meet growing demand for its proximity hosting trading service.
In December the NASDAQ OMX Group said it is expanding its colocation agreement with Verizon Businessto offer additional colocation space to trading firms engaged in high-frequency trading.
For more coverage of the growth of high frequency trading and proximity hosting, See our Low Latency Trading Channel.
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