About a-team Marketing Services
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: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or strategies is no longer just an operational concern – it is a front-office differentiator and, increasingly,...

BLOG

Building for the Next Big Event: What Prediction Market Operators Need from Exchange Technology

By Ian Salmon, Head of Product Marketing, Adaptive. Prediction markets have moved from the edges of the financial ecosystem into a space that increasingly resembles regulated market infrastructure. What began as a retail phenomenon around political events and sports outcomes has evolved into a sector attracting institutional capital, established exchanges and serious regulatory attention. The...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...