US stock exchange Nasdaq has picked Equinix’s Slough datacentre campus to host its London-based trading platform...
Nasdaq OMX NLX.
NLX will use the datacentre resources to offer short-term and long-term interest rate euro- and sterling-based listed derivative products, after it receives Financial Services Authority (FSA) approval.
“NLX is designed to be an efficient and easily accessible market,” said Charlotte Crosswell, chief executive officer, NLX.
“We want to ensure that our market participants have seamless and reliable access to NLX via familiar and trusted suppliers.”
The carrier-neutral Slough datacentre will help the Nasdaq OMX NLX platform connect with more than 170 interconnected financial services customers. These include a significant proportion of prospective trading participants, according to Equinix. The Slough campus features two datacentres, LD4 and LD5.
In September last year, Equinix added 4,000m2 of datacentre space with an additional capacity for 1,400 cabinets at its LD5 site. At that time, it also added 130 dedicated business continuity trading desks to offer financial services companies emergency-trading capabilities.
The platform will provide access to a large multi-asset financial ecosystem of more than 700 trading venues, networks and service providers globally.
The collaboration between Nasdaq and the datacentre service provider is an extension of its collaboration with Equinix in the US.
Equinix’s experience of exchange deployments around the world and the built-in features offered by its financial services ecosystem will help the Nasdaq OMX NLX platform establish itself in the fixed-income derivatives space, said Russell Poole, managing director for Equinix UK.
The launch of NLX is subject to regulatory approval by the FSA but is expected to be launched in the first quarter of 2013.