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CQG Colocates Servers at NYSE Liffe's Basildon Data Center

Proximity to NYSE Liffe system in Basedon, gives ultra-low latency traders an edge in spread trading, contends CQG.

CQG spreader core servers are now colocated at the NYSE Liffe data center in Basildon outside of London, in direct proximity to the NYSE Liffe system.

According to CQG, the provider of order execution, charting and analytics for globally electronically executed securities, the Basildon state-of-the art data center is located 30 miles east of London. CQG claims that it’s the only independent software vendor collocated at Basildon.

“No other ISV offers fully-hosted proximity access to the NYSE Liffe market,” comments Brian Vancil, VP of exchange relations at CQG in the release. “This is part of our commitment to our spreader customers to give them the lowest possible latency at exchanges around the globe. And the performance advantages to all those who trade NYSE Liffe through CQG are obvious and significant.”

Colocation of CQG’s servers with NYSE Liffe “has a positive impact on traders who rely on ultra-low-latency and server-side advantage in spread trading and aggregation,” states the release. For spread traders, the close proximity of CQG’s colocated servers allows modification and execution of second legs to occur in less than a millisecond, according to CQG in its press statement. CQG spreader servers, located at Basildon, efficiently utilize three times faster exchange connections as compared to Cannon Bridge. As a backup for customers, CQG will run both the new setup and old in parallel as long as necessary.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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