About a-team Marketing Services

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

Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United...

BLOG

McKay Brothers Launches Ultra-Low Latency Network Between New Jersey and Toronto

Low-latency networking specialist McKay Brothers has deployed its latest wireless network connecting key equity exchanges in New Jersey, USA, and Markham, Ontario, Canada, offering the lowest known latency for private bandwidth between the two centres. The network connects the New York Stock Exchange (NYSE) in Mahwah, New Jersey, and TMX Group’s exchanges in Markham, with...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...