Wednesday, November 10, 2010

Boston Options Exchange


>>Q: BOX has updated its technology this year. Can you tell me about that?

A: We moved to the Equinix Data Center [located in Secaucus, N.J.] in May. As part of the move, we also upgraded our technology platform. Our performance is very good; I like to say we’re wickedly fast. These days, if you’re not under a millisecond in response time you’re considered slow. We typically run at about 300 microseconds for quotes.

Our philosophy with the Equinix move was that we wanted to move to an environment that provided a complete ecosystem for options trading firms. We wanted to have our participants located within the same data center as BOX, as well as having the rest of the ecosystem that our participants need to be successful – market data vendors, application vendors, and financial extranet providers (which our participants use for network connectivity) all within the same data center.

I like and endorse having our competition close by too. That way, we can appeal to current customers as well as potential customers who are working with the other exchanges. With a cross connect and FIX connection, you can try out BOX.

In addition to the move to Equinix, we’re continually improving our technology.

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