Euronext, a pan-European market infrastructure, has completed the migration of its core data center and related colocation services from Basildon, UK, to the Aruba Global Cloud Data Center IT3 in Bergamo, Italy.
The core data center handles 25% of European trading volumes.
“This key milestone has been completed on the schedule in just 14 months, following the announcement of this strategic decision in April 2021 in the context of the Borsa Italiana Group acquisition,” Euronext says.
The move, it explains, “was a strategic decision made in response to multiple factors, including the dynamic created by Brexit, and a strong rationale for relocating Euronext’s core European trading activities in the European Union”.
Furthermore, in addition to “the highest quality standards” and “the maximum level of safety and resilience”, the Aruba Global Cloud Data Center is 100% powered by renewable energy, it says.
Most of its energy is self-produced through a large photovoltaic system and a hydroelectric unit. The facility also benefits from reduced power consumption thanks to very efficient cooling systems using geothermal and dynamic free cooling, and the use of cloud computing to reduce the number of servers.
The move allows Euronext to fully control and directly manage its core IT infrastructure, as well as a key service to clients – colocation – which was previously outsourced. The colocation facility is available to both members and non-members.
The migration was timed to pave the way for the migration of the Borsa Italiana equity and derivatives markets onto the Euronext Optiq trading platform in 2023.