NYSE Euronext Opens Liquidity Center to Third-Party Service Providers

[For more on liquidity centers, read: Liquidity Centers Are Exchanges' New Revenue Centers to learn more.]

NYSE Euronext announced that its liquidity center in Mahwah, New Jersey is set to reduce customer costs, increase platform flexibility and broaden access to the facility.

NYSE stated that for the first time the financial services vendor community will have the opportunity to acquire data center space and offer their services within NYSE Technologies’ liquidity center. The Mahwah center will have new telco ‘meet-me’ rooms which are expected to open in the first quarter of 2013, and will offer direct access to telecommunications providers.

This complements the existing SFTI Optic, IP, Wave and VPN services that are currently the only supported methods for a customer to connect to Mahwah from outside the facility.

In addition to the carrier choice, customers will also have greater flexibility in connectivity with the ability to deploy direct fiber cross-connects to other colocation participants, NYSE said in a release.

NYSE said the enhancements to the Mahwah liquidity center were a response to customers’ requests for lower costs to access a range of market services, including colocation, market data and third-party applications.

NYSE Euronext’s European Liquidity Center in Basildon, U.K. is also opening up access to third-party vendors, which will be available in the third quarter of 2012.

“Our vision has always been to create a completely unique environment that enables global trading for customers of all sizes and sophistications, trading anywhere in the world,” said Stanley Young, CEO, NYSE Technologies. “Our U.S. liquidity center offers customers a wide range of technology solutions and services whether they are designed and deployed by NYSE Technologies or any of the third-party vendors serving the financial industry. As a leader in innovation for the global capital markets, we want to continue to empower traders and developers worldwide to enhance markets.” Alongside the introduction of direct telcos and vendors for colocation services, NYSE Euronext claims that it has liberalized liquidity center data formatting standards to enable colocation participants to share market data with each other in any format they choose.

Similarly, NYSE Euronext’s European Liquidity Center in Basildon, U.K. is also opening up access to third-party vendors, which will be available in the third quarter of 2012.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio