from www.nj.com:
>>Hence the move to Secaucus. Doing so will shave execution times down
to as low as 100 to 300 microseconds, said Gerald O’Connell, chief
information officer at CBOE. A millisecond is a thousandth of a second,
while a microsecond is a millionth of a second.
The exchange’s main electronic trading platform will be moved into a
facility known as NY4, an otherwise anonymous warehouse that sits
alongside Secaucus Road. The size of several football fields, the
two-story building is a modern marvel of electrical systems, fiber
optics and air-conditioning to keep countless computer cabinets running
day and night, O’Connell said. And it is all mostly unmanned.
Already, CBOE houses two of its electronic exchanges at NY4 – its
secondary options market C2 came online there when it was launched in
2010, and it moved an associated stock exchange there from Chicago last
year. In addition to its flagship options platform, the exchange also
will move the matching engines for its futures exchange and single-stock
futures exchange to Secaucus. Meanwhile, it completed its purchase of
the National Stock Exchange in Jersey City in January. Operations,
however, still will be monitored from Chicago, where its backup
facilities will remain.
Sunday, April 15, 2012
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