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Data centres not owned by Exchanges can ?tilt? field NYSE says

NYSE Euronext, the largest stock- market operator, said US regulators should boost oversight of the data centres providing services to brokers and high- frequency traders to ensure that the companies operate fairly. NYSE, which is building two data centres outside New York and London, said in a letter published on the Securities and Exchange Commission’s website that rival offerings from Savvis, Equinix and Telx Group should be forced to operate as facilities of regulated exchanges to prevent a “tilted playing field.”

 

“Not all markets are regulated equally, which creates competitive disadvantages among marketplaces offering colocation,” NYSE Euronext told the SEC in a letter. That “creates an opportunity for market participants to engage in regulatory arbitrage” and presents a situation in which independent data centres are “under no obligation to ensure fair access” to services.

 

Source: Business Week

 

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