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Closer Look: NYSE Euronext’s Former Basildon Data Centre and ICE’s Facility Today

NYSE Euronext consolidated European-market matching engines in Basildon in 2010. ICE describes services at the site today, while Euronext completed its core data-centre move to Bergamo in 2022.
From TheFinanceBase Team4 min to read
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Basildon, in Essex east of London, was the site where NYSE Euronext consolidated matching engines for its European markets in 2010. The facility is now described by ICE as its Basildon European Liquidity Center, offering colocation and connectivity services. Euronext moved its own core data centre and related colocation services from Basildon to Bergamo in 2022; that move did not mean the ICE facility closed.

What is the NYSE Basildon Data Centre?

The name refers to the European data centre NYSE Euronext announced in November 2010. The company said it had completed the migration of NYSE Liffe and consolidated matching engines for all its European markets at the Basildon facility, which it located “thirty miles east of London.” NYSE Euronext’s 2010 announcement is a historical account, not a current inventory of the site.

Today, ICE presents the location as its Basildon European Liquidity Center. ICE describes colocation and connectivity for ICE Futures trading systems, alongside access to third-party exchanges and content providers. The available descriptions establish ICE’s service offering, but do not establish the site’s legal property title or a complete list of current tenants and hosted systems.

What does ICE say the facility provides?

ICE’s description presents the site as infrastructure for financial firms that need to place equipment near trading systems and connect to exchanges, networks and data services. Its specifications and service list are ICE-published claims, not independent test results.

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ICE’s “Tier 4 guided” or principles-based wording should not be read as proof of an independent Tier IV certification. Likewise, low-latency connectivity describes a network service; it does not guarantee faster execution or a trading advantage for any particular customer. See ICE’s colocation and connectivity description for the operator’s service details.

What happened when Euronext moved to Bergamo?

Euronext said it completed the migration of its core data centre and related colocation services from Basildon to the Aruba Global Cloud Data Centre IT3 in Bergamo on 6 June 2022. The company announced the completion on 15 June and said the project took 14 months. Its stated reasons included post-Brexit dynamics and locating core European trading activity within the European Union. Euronext also said the move allowed it to manage directly core IT infrastructure and colocation services that had previously been outsourced. These are Euronext’s explanations for its decision, not an independent comparison of the two facilities.

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In the 2022 announcement, Euronext CEO Stéphane Boujnah said the relocated core data centre handled “25% of European trading volumes.” That is a company-attributed figure about the core data centre being moved at that time; it is not a current figure for Basildon or an independently verified market-wide measurement. The full announcement is available from Euronext.

What does a data centre do for an exchange?

A data centre houses the computing infrastructure an exchange relies on. Matching engines process buy and sell orders according to the exchange’s rules; supporting applications perform other functions needed to operate the market. In a 2022 retrospective, Euronext IT Relationship Manager Nicole Agopian described the data centre as the place where trading happens and where the matching engine and supporting applications are housed. Her explanation concerns Euronext’s data-centre role; it does not establish which systems are currently hosted at Basildon.

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For financial-market participants, colocation can put their own equipment in a facility with network connections to trading systems. The practical value depends on a firm’s needs and its network, software and trading arrangements. The published facility description alone is not enough to infer a guaranteed execution outcome.

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Basildon and Bergamo: what the record establishes

Question Basildon Bergamo
Documented role NYSE Euronext said in 2010 that it consolidated matching engines for its European markets there. ICE currently describes its Basildon European Liquidity Center and its colocation and connectivity services. Euronext says its core data centre and related colocation services moved to Aruba’s Global Cloud Data Centre IT3.
Operator or control described ICE describes the present facility and services. Legal property title is not established by the cited descriptions. Euronext said the move let it directly manage core IT infrastructure and colocation services previously outsourced.
Dated milestone NYSE Euronext announced the consolidation in November 2010. Euronext said migration from Basildon was completed on 6 June 2022; it announced completion on 15 June 2022.
Resilience specifications ICE lists seven 1,000-square-metre halls, two diversely routed National Grid feeds and 48 hours of generator fuel storage as standard. These are ICE-published specifications. Not stated in the cited Euronext migration announcement.

This comparison is limited to what the dated company descriptions say; they do not provide an independent, like-for-like assessment of performance, uptime, latency, safety or environmental impact.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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