Dow Jones Opens First Asia Colocation Center
Dow Jones & Company opened its first colocation center in the Asia Pacific region to speed the delivery of its structured data originating from the region. The center, located in Dow Jones’s Hong Kong office, will reduce the latency of the Elementized News Feed’s economic indicators and corporate news, allowing traders to act on and react to market moving news faster.
“This colocation center further illustrates Dow Jones’s commitment to the region,” said Christine Brendle, managing director of Dow Jones Asia Pacific. “We have strengthened our news-gathering force locally and now are investing in the technology our clients need to best leverage that news in their trading decisions and executions.”
“The new colocation center in Hong Kong closes the latency gap between the east and west,” said Rob Passarella, a vice president at Dow Jones. “It is an essential step in accelerating execution for traders worldwide who use Dow Jones data that originate from the Asia Pacific region. The center also helps lay the groundwork for the algorithmic-trading market in Asia to grow and compete with other markets around the world.”
The Hong Kong center joins Dow Jones’s existing colocation centers in New York, Chicago, Washington, D.C., and London.
For more on the role of geography and how traders gain an edge through information and latency arbitrages, join Mr. Passarella’s presentation on the topic at TradeTech Asia in Singapore on Thursday, 11 November, at 12:30 p.m. or find the Dow Jones booth at the event.
Mr. Passarella will also discuss how to leverage news in quantitative strategies at the Battle of the Quants in Singapore on Friday, 12 November, at 10:15 a.m.