By GCN Staff

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Map showing location of Coresite data center in relation to federal buildings in Washington DC

Data center trades on its location for split-second access to federal data

In high-frequency securities trading, milliseconds – even meters – can mean money. Algorithms that govern the trading process can move transactions so quickly that a few seconds jump on market information can translate into a financial advantage for buyers and sellers. That’s why investment firms in New York are snapping up office space in the city’s financial district and converting it to data centers.

And according to a report by CNBC, a similar phenomenon is taking place in the nation’s capital, where market-moving economic data is released on a daily basis.

Firms that trade on government economic data are paying for server space on K Street, converting what was once an address for high-powered lobbyists into a home for high-powered analytical data centers.

CoreSite, a company that operates data centers around the country, including a data center on K Street, offers financial traders "co-located" computers right in the heart of Washington. From there, it can provide split-access access to a steady stream of economic indicators from key financial offices, including the Department of Labor’s monthly employment report, released from the agency’s Constitution Ave. headquarters; changes to the Fed funds rate, announced from Treasury building on Pennsylvania Ave; and other economic big data generated from the departments of Commerce and Justice along the National Mall, according to CNBC.

As long as three year ago, CoreSite said its Washington, D.C., data center could offer “more than a millisecond advantage over suburbs such as Ashburn, Virginia,” according to a report from Data Center Knowledge about CoreSite’s low-latency hub.

Posted by Susan Miller on Jul 17, 2013 at 10:14 AM

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