Euronext has completed the migration of its core data centre and its related colocation services from Basildon, UK, to the Aruba global cloud data centre IT3 in Bergamo, Italy.
The decision was part of a strategic review the exchange undertook last April due to the dynamic created by Brexit.
It believed there was a strong rationale for relocating Euronext’s main European trading activities back into the European Union.
This move allows Euronext to fully control and directly manage its core IT infrastructure as well as the generation of colocation revenues, embedded in the upgraded synergies.
The migration has also been timed in order to pave the way for the migration of the Borsa Italiana equity and derivatives markets onto the Euronext Optiq trading platform, expected in 2023.
The other driver was sustainability factors. The new core data centre is entirely powered by renewable energy, much of it self-produced through a large photovoltaic system and a hydroelectric unit. It also benefits from cloud computing to reduce the number of servers.
“The migration of Euronext’s core data centre to Italy, 14 months after the closing of the Borsa Italiana Group acquisition, marks a milestone in bringing back to the European Union the core data centre that handles 25% of European trading volumes,” Stéphane Boujnah, CEO and chairman of the managing board of Euronext.
He adds: “I would like to thank all our teams, our clients, and our service providers for this successful project, which will benefit the whole of the financial ecosystem, while helping our clients reduce their own carbon footprints.”
©Markets Media Europe 2022
TOP OF PAGE
