About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Talking Intelligent Trading with Andrew Delaney: LME Relocates Matching Engine to Interxion’s LON-1

Subscribe to our newsletter

In something of a coup for data centre operator Interxion, the London Metal Exchange will switch the primary site for its LME Select matching engine to Interxion’s LON-1 data centre near Brick Lane, effective October 1. LME has recently gone live at LON-1 with its secondary LME Select engine, which is based on upgraded infrastructure and matching technology from Swedish exchange platform provider Cinnober.

The planned switchover of its primary platform, currently located at the CenturyLink LO1 facility in Slough, 25 or so miles to the west of central London, could produce dividends for Interxion in the form of trading firms currently using proximity hosting facilities nearby seeking to relocate to LME’s Community Data Centre (CDC) proximity hosting service at LON-1 for closer, lower-latency access.

According to a notice to members distributed last week, LME’s head of market operations, Andrew Dodsworth, said the move “will result in an improvement in round-trip times from the LME’s Community Data Centre (CDC) proximity hosting service at the Interxion Data Centre.”

The notice says these latency improvements won’t be available to users at LME’s CDC at Equinix’s LD4 data centre in Slough, and indicates those wishing to benefit from the upgrade may wish to consider switching to the Interxion LON-1 CDC.

CenturyLink LO1 will become LME Select’s secondary site, and will be upgraded to match the performance at LON-1. Dodsworth stressed that connections between both the Equinix and Interxion CDCs and the matching engine sites will remain in place.

The LME may be the last of the major independent European trading venues without its own data centre. Most exchanges now operate their own facilities, and some offer colocation services to members as a premium value-added service.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

Quantum Readiness in Trading: Why Cryptography and Data Governance Matter More Than Qubits

Quantum computing is becoming one of the most widely discussed emerging technologies in financial markets infrastructure. In industry commentary, the technology is often framed either as a revolutionary engine for trading performance or as an existential threat to the cryptographic systems that secure global finance. In practice however, the near-term impact is likely to be...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...