Friday, April 1, 2011

Market maker that bought assets from legit Madoff firm moving data center space to New Jersey


>>Marinaro expects Surge to relocate its primary data center to a sprawling 338,967-square-foot Equinix facility in Secaucus by February. The facility houses, for example, the primary computer "matching engines" for Jersey City-based stock exchange Direct Edge.


"We're going to be in good company" at the data center in Secaucus, Marinaro said. "When you're closer to some of the Wall Street firms that you may do business with, it just [obviates] any latency issues."

Surge will also be leasing space for a disaster-recovery data center at an Equinix site in Ashburn, Va. The firm has leased backup office space at Equinix's Business Continuity Trading Room in North Bergen, should disaster occur in Manhattan.

Surge is Equinix's first client at the North Bergen facility, which is to become operational April 15, said Will Speck, a manager of global marketing for financial services at Equinix.

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