Euronext completes migration of Core Data Centre following Brexit
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Euronext completes migration of Core Data Centre following Brexit 15 June 2022Italy Reporter: Jenna Lomax
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Euronext has completed the migration of its Core Data Centre and its related colocation services from Basildon, UK, to the Aruba Global Cloud Data Centre IT3 in Bergamo, Italy.
Relocating Euronext’s Core Data Centre from the UK to Italy, into a green data centre facility, was a strategic decision made by Euronext in April 2021.
The dynamic created by Brexit, and a strong rationale for relocating Euronext’s core European trading activities back into the European Union, were two key factors surrounding the decision.
This move allows Euronext to fully control and directly manage its core IT infrastructure. It also allows the generation of colocation revenues, embedded in the upgraded synergies.
The Core Data Centre migration has also been timed in order to pave the way for the migration of the Borsa Italiana equity and derivatives markets onto the Euronext Optiq trading platform, expected in 2023.
The new Core Data Centre is entirely powered by renewable energy, much of it self-produced through a large photovoltaic system and a hydroelectric unit. It also benefits from cloud computing to reduce the number of servers.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, says: “The migration of Euronext’s Core Data Centre to Italy, 14 months after the closing of the Borsa Italiana Group acquisition, marks a milestone in bringing back to the European Union the Core Data Centre that handles 25 per cent of European trading volumes.”
He adds: “I would like to thank all our teams, our clients, and our service providers for this successful project, which will benefit the whole of the financial ecosystem, while helping our clients reduce their own carbon footprints.”
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