Taiwan Stock Exchange to Launch Co-location Services
The Taiwan Stock Exchange (“TWSE”) has proposed a “Data Centre Rental and Co-location Service” to better meet the needs of offshore and domestic trading firms, further develop its capital market and strengthen its services to investors.
The service gives broker-dealers the opportunity to rent and install their servers in the Exchange’s data centre, allowing them to improve the efficiency of their trading network and reduce the repair and operating costs of maintaining their own data centres. The service will also serve additional functions, such as providing more back-up options for broker-dealers.
The proposal has received regulatory approval and TWSE is preparing for the new rental service of its data centre. Arrangements are expected to be completed by September 2010, with the co-location service to be launched in the fourth quarter.