NYSE co-CIO unveils SaaS plans
NEW YORK -- "Change without innovation and agility is no change at all," said Stanley Young, CEO of NYSE Technologies and co-CIO of NYSE Euronext at the technology management conference of the Securities Industry and Financial Markets Association (SIFMA).
He said that the company's power datacenters (the company is building one each near London and New York) which will use 100 gigabit Ciena pipes and high end Juniper networking technology, will deliver a very specific hosted service to significant financial industry customers.
Of the 400,000 square feet in the New Jersey datacenter, "I only need 20 percent of the space," Young said. "Over 80 percent is to be commercialized. There's value to our matching engines."
The plan is to have companies pay to put their mechanical math engines as close to the trading data as possible, as companies vie to slice nanoseconds off the time taken to complete a trade.
"We are now delivering infrastructure on demand, planning to deliver software on demand for larger players," Young said. "We are in the early stages of that effort with a view to turning on the infrastructure on demand service once we have named a client."
The first service announced on the NYSE platform comes from Marketcetera and is a pay per use trading platform.