Credit Suisse will begin using a new data center in Weehawken, N.J. in the second quarter that will give its algorithmic trading group, AES, the ability to handle 2.5 million quote changes per second. That’s roughly five times its current ability, according to Dan Mathisson, global head of AES. The new data center, its third, will also lower trading latencies because it is located in the same building as BATS, the ECN, and Arca. The upgrade will provide AES the capacity to trade 3 billion shares a day, Mathisson added.
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