In today’s marketplaces connectivity and accessibility are of essence for efficient securities transactions. Speed of response and latency are getting more and more important, especially when algorithmic and program trading methodologies form the base of your business. Nasdaq offers customers of its Nordic marketplaces a solution to reduce network latency to a non-issue.
About the Service
As the leader in trading and data technology for the financial industry, Nasdaq has developed a co-location services program that provides space to its customers not close but in the same datacenter where the central matching engine resides and operates. The customer will get a full dedicated cabinet where to place its servers and applications.
Nasdaq encourages co-location customers to use ITCH IP Multicast.
Nasdaq provides a number of add-on services to meet co-location customer needs:
Nasdaq provides customers with the opportunity to access liquidity of the Nordic marketplaces via a production gateway dedicated uniquely to the customer and avoid the potential impact of other members trading activity.
Customers subscribing to this service are granted exclusive use of a production gateway subject to the same service levels of any other production gateway.
The service is available for Genium INET OMnet and FIX gateways.
Genium INET Dedicated Gateways can be accessed both from Nasdaq Nordic Co-location Service Area and/or via external connections.
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Nasdaq Nordic provides Remote Hands Service for a variety of on-site technical support functions such as:
- Power cycling of equipment;
- Patching and plugging in cabling and circuits;
- Observing, describing or reporting on display indicators;
- Diagnosis and repairs as instructed by the Customer;
- Configurations of hardware components
- Swapping hardware components with customer-supplied spares or upgrades;
- Troubleshooting heat related issues as instructed by the Customer;
- Returning defective equipment to the manufacturer or customer
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The Cabinet Reservation Program (CRP) gives Co-location customers the ability to reserve cabinets and power at a reduced rate allowing customers to plan for future growth and reserve space as close to their existing cabinets as possible. Reservation options may have an open duration or an agreed expiry date.
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Co-location customers can now enhance their Business Continuity plans by purchasing, at a lower price, cabinets and power at Nasdaq Nordic Disaster Recovery (DR) site. In the event of unavailability of our primary site or site fail-over, customers subscribing to this service will be able to continue running their latency critical business from cabinets located at the DR site and with the same service levels as provided to the primary co-location site.
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Nasdaq offers a dedicated steel-mesh cage in the Co-location Service Area based on your space and power needs. Nasdaq experienced Co-location professionals can configure a custom Co-location cage to accommodate a wide array of free standing equipment and give you an additional layer of protection
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Nasdaq offers cold storage facility in the Data Centre to the Co-location customers. The storage space is equipped with features such as: smoke detection units, fire suppression systems and tightly controlled access.
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MiFID II mandates clock synchronization at European exchanges and trading firms. Nasdaq seeks to offer a Precision Time Protocol (PTP) service for its Nordic Co-Location customers at the Vasby datacenter to meet such requirements. Customers subscribing to the service will be using the same clock source as the Nasdaq trading systems. The service is utilizing the PTPv2 protocol to synchronize clocks to achieve nanosecond accuracy and can be used for:
- Time Synchronization
- Fine Tuning Trading Algorithms
- Latency Calculations
- Precisions Trade Capture
The PTP service is available to order via the Co-Lo & Connectivity Console.
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