Chi-X Canada has signed a deal to house its matching engine and colocation customers within Switch and Data's downtown Toronto facility.
The Toronto Financial EcoCenter will serve as Chi-X Canada's primary data centre from the second quarter, with the current Exchange Tower site acting as back-up.
The new centre is expected to provide lower latency connectivity for domestic and international direct subscribers, say the firms.
John Panzica, VP, financial services Practice for Switch and Data, says: "By virtue of its downtown location, our Toronto Financial EcoCenter sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago. As such, many of the world's leading trading firms and vendors are already connected, making 151 Front Street an ideal location for Chi-X Canada's primary data centre."
Switch and Data is in the process of being acquired by Equinix in a $689 million deal.