Application Infrastructure, Data Storage
businesswire | August 17, 2023
Transaction Network Services (TNS) today announced a partnership with next-generation trading and connectivity solutions provider TRAFiX to expand its order execution and routing management systems on TNS’ Dedicated Server across all major Canadian financial exchange markets.
Based out of the Equinix TR2 Data Center in Toronto, TRAFiX will leverage the full-stack TNS Dedicated Server offering to optimize its custom hardware and trading connectivity requirements. TRAFiX will also use the recently launched TNS Cloud Server Management solution, which easily handles operating system installation, configuration and patching as well as monitoring, troubleshooting and access management.
“The TNS bare-metal server inventory allows TRAFiX to efficiently scale and support our customers’ order management systems, execution management systems and Financial Information eXchange (FIX) routing capabilities in Canada and around the world,” said Greg Perry, TRAFiX COO. “Following our acquisition of ITS, this partnership with TNS furthers our commitment to the Canadian capital markets industry and sets the stage for building out TRAFiX’s broad solution portfolio.”
“TRAFiX continues to execute our strategy to expand and serve our customers in regions around the world,” said Walter Fitzgerald, TRAFiX CEO. “This investment and installation of TNS Dedicated Server demonstrates our commitment to provide the best available technology infrastructure to support our customers today and into the future in Canada.”
With the TNS Dedicated Server, TRAFiX has access to 9 standardized server options that have been optimized for front and middle office trading infrastructure to meet the specific computing needs of TRAFiX and its clients. TNS Dedicated Server is designed to deliver low latency performance of trading applications with multiple dedicated server options available. TNS’ server inventory and cloud managed data center services facilitate rapid installation and solve hardware supply chain and server management challenges for TRAFiX.
“In response to our clients’ diminishing provider options in the market, we’ve significantly increased their return on outsourcing investment with full-stack server management,” said Rick Gilbody, TNS’ Head of North American Sales for its Financial Markets business. “By integrating infrastructure procurement, deployment, configuration and management, we can help our customers simplify operations, and rapidly increase their go-to-market opportunities.”
Buy and sell-side institutions and their vendors can work with TNS as a single source for both managed hosting and managed infrastructure services.
“The accelerated volume and low latency trading traffic that TNS can generate out of the TR2 data center will immediately allow us to gain more access and increase trading efficiencies for our mutual clients,” said Gilbody. “This strategic approach to colocation hosting is a significant milestone in expanding the ultra low latency trading footprint for Canadian financial markets, and connectivity to the greater global exchange community.”
The agreement with TRAFiX represents the accelerating rollout of TNS’ bare metal colocation services and the company's new TNS Cloud platform. The complete suite of hosting solutions offers a wide range of dedicated and shared compute options to meet the needs of all trading operations and investment sectors.
TNS brings together over 5,000 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK, Australia and Malaysia. For further information visit tnsfinancial.com.
About Transaction Network Services (TNS)
Founded in 1990 and with headquarters across USA, Europe and Asia, TNS is a leading provider of mission-critical infrastructure, connectivity, market data and analytic services for the Financial Markets community. Delivered as a fully managed Infrastructure-as-a-Service offering, TNS provides an unrivalled, global, mission-critical footprint that significantly reduces the burdens, complexities and costs attributed to firms ‘going direct’. Through its ultra-low latency connectivity, its global market data offerings and its dedicated 24x7x365 local support, TNS remains the trusted solution provider to more than 750 counterparties globally.
Hyper-Converged Infrastructure, Windows Systems and Network
prnewswire | July 26, 2023
CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced a new data center facility in Plano, Texas, to be fully operational by December 31, 2023. The $1.6 billion data center is CoreWeave's first facility in Texas and will support economic activity and job growth in the area.
"We are pleased to partner with Plano and the local community to open this cutting-edge data center and create new jobs," said CoreWeave CEO and Co-founder Michael Intrator. "The 450,000 square foot facility will help meet the unprecedented demand for high-performance cloud solutions for artificial intelligence, machine learning, pixel streaming and other emerging technologies that CoreWeave is uniquely positioned to deliver," said Intrator.
This news comes on the heels of continued growth for the company. Recently, CoreWeave announced the opening of a modern data center in New York City that provides ultra-low latency to over 20 million inhabitants across the metropolitan area. In April, CoreWeave announced a $221 million Series B round, followed by $200 million in Series B extension funding for a total of $421 million in capital raised for the round.
"With the demand for machine learning, AI and visual effects/rendering sharply rising, we are thrilled to partner with CoreWeave as the company invests in its first data center in Texas, capable of high-computing solutions for such specialized needs," said Mayor of Plano, John B. Muns.
Founded in 2017, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry's fastest and most flexible infrastructure. CoreWeave builds cloud solutions for compute-intensive use cases — machine learning and AI, VFX and rendering, batch processing and pixel streaming — that are up to 35 times faster and 80% less expensive than the large, generalized public clouds.
Hyper-Converged Infrastructure, Storage Management
Digital Realty | July 19, 2023
Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has partnered with GI Partners to establish a joint venture for the sale of a 65% interest in two stabilized hyperscale data center buildings and their associated equipment in the Chicago metro area. Digital Realty will receive approximately $743 million of gross proceeds related to the joint venture and the associated financing, and will maintain a 35% interest in the joint venture while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience. Digital Realty has also granted GI Partners an option to purchase an interest in the third facility on the same hyperscale data center campus.
"With Digital Realty's unmatched global footprint and the attractive fundamental outlook for the data center sector, we are pleased with the strong institutional demand for our high-quality facilities," said Digital Realty Chief Investment Officer Greg Wright. "This transaction further diversifies Digital Realty's sources of capital and enhances our capital efficiency, in support of our strategic priorities. We are pleased to partner with a data center investor of GI Partners' caliber on this initial joint venture and we look forward to the continued execution on our capital plan for 2023."
Digital Realty originally acquired the facilities in 2017 through its merger with DuPont Fabros. The two data centers contributed to the joint venture contain approximately 67 megawatts of IT capacity and are 90% occupied in aggregate, primarily by investment grade customers.
Based on annualized in-place cash NOI at June 30, 2023 and the benefit of leases signed but not yet commenced, the transaction values the two facilities at approximately a 6.5% cap rate. Net proceeds will be used to pay down debt and for general corporate purposes.
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents.