Application Infrastructure,Data Storage

DigitalOcean Announces New Data Center in Sydney

DigitalOcean Announces New Data Center in Sydney
DigitalOcean Holdings, Inc., the cloud for developers, startups and SMBs, today announced it is expanding its global presence with a new data center in Sydney, Australia (SYD1). This new facility will better support DigitalOcean’s current and prospective customers who are based in or have end-users in Australia and New Zealand. Sydney is the ninth global region to house a DigitalOcean data center and the fifteenth facility overall.

The SYD1 data center features the most up-to-date network architecture and is connected to DigitalOcean's private internet edge and backbone network, providing 400 Gbps of on-net access to Asia, North America, and Europe. This reduces dependency on public internet and, as a result, mitigates jitter, latency and packet loss for users. All equipment has redundant network and power connections that can route traffic smartly in case of unexpected failures, making for a reliable and secure experience.

“With hundreds of thousands of current customers using our global network today, we’re excited to expand the breadth and capability of our infrastructure to better serve small and medium-sized business (SMB) customers in Australia, New Zealand and the surrounding region. “This state-of-the-art data center will provide low-latency connectivity and our IaaS and PaaS productivity tools for startup businesses and SMBs in these important, rapidly growing markets.”

DigitalOcean CEO, Yancey Spruill

The cloud computing market in Australia is expected to grow 12.5% by 2025, with cloud spending by SMBs expected to grow marginally faster than enterprise organizations. The strong and growing technology business landscape in Australia and in particular Sydney, coupled with the telecommunications connectivity options, including submarine communications cables connecting directly to the United States and Asia, made Sydney an ideal choice for the next DigitalOcean data center.

“This new data center was built with our small business customer’s needs in mind,” said Gabe Monroy, Chief Product Officer at DigitalOcean. “Scalability, availability, and security have been top priorities for our customers and were baked into this build, ensuring that end customers always have a great and secure experience.”

The Sydney facility will provide direct connectivity to the market and improve the overall experience of end customers utilizing applications hosted on the DigitalOcean platform. SYD1 will also provide seamless peering with hyperscalers, making a multi-cloud strategy simple for SMBs and startups who utilize more than one cloud provider.

Beginning today, users can deploy droplets, spin up DigitalOcean Kubernetes clusters, provision a managed database, or utilize any other DigitalOcean product from the SYD1 region.

About DigitalOcean
DigitalOcean simplifies cloud computing so builders can spend more time creating software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open source and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth.

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dxFeed Launches Market Data IaaS Project for Tradu, Assumes Infrastructure and Data Provision Responsibilities

PR Newswire | January 25, 2024

dxFeed, a global leader in data solutions and index management for the financial industry, announces the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this venture, dxFeed manages the crucial aspects of infrastructure and data provision for Tradu. As an award-winning IaaS provider (the Best Infrastructure Provider by the Sell-Side Technology Awards 2023), dxFeed is poised to address all technical challenges related to market data delivery to hundreds of thousands of end users, allowing Tradu to focus on its core business objectives. Users worldwide can seamlessly connect to Tradu's platform, receiving authorization tokens for access to high-quality market data from the EU, US, Hong Kong, and Australian Exchanges. This approach eliminates the complexities and bottlenecks associated with building, maintaining, and scaling the infrastructure required for such extensive global data access. dxFeed's scalable low latency infrastructure ensures the delivery of consolidated and top-notch market data from diverse sources to the clients located in Asia, Americas and Europe. With the ability to rapidly reconfigure and accommodate the growing performance demands, dxFeed is equipped to serve hundreds of thousands of concurrent clients, with the potential to scale the solution even further in order to meet the constantly growing demand, at the same time providing a seamless and reliable experience. One of the highlights of this collaboration is the introduction of brand-new data feed services exclusively for Tradu's Stocks platform. This proprietary solution enhances Tradu's offerings and demonstrates dxFeed's commitment to delivering tailored and innovative solutions. Tradu also benefits from dxFeed's Stocks Radar—a comprehensive technical and fundamental market analysis solution. This Software as a Service (SaaS) seamlessly integrates with infrastructure, offering added value to traders and investors by simplifying complex analytical tasks. Moreover, Tradu leverages the advantages of dxFeed's composite feed (the winner at The Technical Analyst Awards). This accolade reinforces dxFeed's commitment to delivering excellence in data provision, further solidifying Tradu's position as a global leader in online foreign exchange. "When we were thinking of our new sophisticated multi-asset trading platform for the active trader and investors we met with the necessity of expanding instrument and user numbers. We realized we needed a highly competent, professional team to deploy the infrastructure, taking into account the peculiarities of our processes and services," said Brendan Callan, CEO of Tradu. "On the one hand, it allows our clients to receive quality consolidating data from multiple sources. On the other hand, as a leading global provider of online foreign exchange, we can dispose of dxFeed's geo-scalable infrastructure and perform rapid reconfiguration to meet growing performance demands to provide data to hundreds of thousands of our clients around the globe." "The range of businesses finding the Market Data IaaS (Infrastructure as a Service) model appealing continues to expand. This approach is gaining traction among various enterprises, from agile startups seeking rapid development to established, prominent brands acknowledging the strategic benefits of delegating market data infrastructure to specialized firms," said Oleg Solodukhin, CEO of dxFeed. By taking on the responsibilities of infrastructure and data provision, dxFeed empowers Tradu to focus on innovation and client satisfaction, setting the stage for a transformative journey in the dynamic world of financial trading. About dxFeed dxFeed is a leading market data and services provider and calculation agent for the capital markets industry. According to the WatersTechnology 2022 IMD & IRD awards honors, it's the "Most Innovative Market Data Project." dxFeed focuses primarily on delivering financial information and services to buy- and sell-side institutions in global markets, both traditional and crypto. That includes brokerages, prop traders, exchanges, individuals (traders, quants, and portfolio managers), and academia (educational institutions and researchers). Follow us on Twitter, Facebook, and LinkedIn. Contact dxFeed: pr@dxfeed.com About Tradu Tradu is headquartered in London with offices around the world. The global Tradu team speaks more than two dozen languages and prides itself on its responsive and helpful client support. Stratos also operates FXCM, an FX and CFD platform founded in 1999. Stratos will continue to offer FXCM services alongside Tradu's multi-asset platform.

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