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

Recorded Webinar: How to make outsourced infrastructure work for trading

Transitioning from in-house to outsourced trading infrastructure is a significant challenge, but it can offer sizeable benefits including reduced costs, improved performance, access to diverse liquidity sources, and ability to stay abreast of technology changes. This webinar will discuss practical approaches to planning and implementing outsourced infrastructure for trading, the potential of hybrid solutions, and...

BLOG

Iress Partners with Megaport to Provide Global Cloud Connectivity for Market Data

Iress, the financial software, services and technology company, has entered into a strategic partnership with Megaport, a global Network-as-a-Service (NaaS) provider, to provide additional connectivity between Iress and all major public cloud service providers (CSPs), including AWS, Microsoft Azure and Google Cloud Platform. The partnership will enable Iress clients to directly access global markets from...

EVENT

RegTech Summit New York

Now in its 6th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Fifth Edition

Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...