The Australian Stock Exchange announced today it has committed $32 million to build a new datacentre to meet its space requirements and medium- to long-term backup needs.
The datacentre will be located on the outskirts of the Sydney CBD and the financial services giant aims to have it completed by August 2011 and fully operational in Q4 2011, if not before.
In a statement released this morning, the ASX said migration to the new datacentre would allow it to expand its co-location hosting services, including providing co-location benefits to both cash equities and futures market participants.
The company provides co-location hosting because it enables market participants to conduct trades with near-zero network latency, because their equipment is in the same physical location as ASX's own trading systems.
A spokesperson for the ASX said manufacturers for the new datacentre's equipment had yet to be chosen, because detailed design was still being completed. The ASX's IT workforce will not change as a result of the plans.