As reported by ComputerWorld’s Patrick Thibodeau, Hurricane Irene mattered not to NYSE Euronext’s large data center, which is built on land high enough to avoid 100-year floods and just about everything else.
The data center plays a major role in the U.S. economy. Feargal O’Sullivan, vice president of platform development for NYSE Technologies, said the New York Stock Exchange uses this data center as well as some other markets, representing about 40% of equities and options trading in North America.
“The Internet does not go into that building,” said O’Sullivan. It uses a private network instead. O’Sullivan won’t talk about the security, other than to say it is hardware based.
This data center is also being used to operate the just launched Capital Markets Community Platform, a “community cloud,” limited to financial services firms and designed to meet their specific needs.
One need is speed. Financial services invest heavily in technology, in part, so they can act as fast as possible to market data.