Newswire

Atrium Network, provider of smarter connectivity for the financial community, today announced that, in line with its expansion plans, it has opened a new point of presence (POP) in Luxembourg and has connected to the Luxembourg Stock Exchange.

The New York Stock Exchange (NYSE), a subsidiary of NYSE Euronext (NYX), has reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system (SDBK) for processing orders. As a result, NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds.

While last week’s Sifma Technology Management Conference was down overall in terms of numbers of exhibitors, one segment had more of a presence compared to previous years: companies offering co-location (sometimes referred to as proximity) services. Joining show stalwarts like BT and Savvis, and recent comers such as Fixnetix, were names including CoreSite (formerly CRG West), Equinix, GlobeOp Financial Services, Interxion, Switch and Data, Telx and Xand Corp. The continuing pursuit of lower latency for market data delivery and trade execution was the driver for the increased show presence, and of those companies’ offerings.

Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, today announced that Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, plans to locate electronic trading operations for its all-electronic exchange, currently known as "C2," at the Equinix New York-4 (NY4) International Business Exchange (IBX) data centre in Secaucus, New Jersey. SEC approval of C2 is pending, and CBOE has not yet announced an official launch date for the new exchange.