CME migrates to new data centre

CME migrates to new data centre

CME Group has moved its Globex electronic platform into a new data centre that the exchange operator says will allow it to grow trading volumes for at least a decade, according to Dow Jones.

The new facility, west of Chicago, will also house brokers and trading firms from early 2012 as the CME bids to attract high-frequency traders with the benefits of co-location.

In addition to providing faster access to its own markets, the centre will also help link traders to partners such as BM&F Bovespa in Brazil, Mexico's Bolsa Mexicana de Valores SAB and Bursa Malaysia.

Joe Panfil, head, enterprise technology services, CME, told Dow Jones that the exchange's old data centre was going to run out of space and the new one allows for major Globex growth.

In May the group hired Citadel executive Craig Mohan to spearhead a new co-location and data centre push aimed at the high-frequency trading market.

CME Moves Into New Data Center, Plots Electronic Growth - Dow Jones

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