141–150 of 493 posts
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Equinix Dallas was hours from running out of fuel during the last snowpocalypse.
An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.
The Miami stock exchange (MIAX) has their matching engines colocated in Equinix's NY4 data center in Secaucus NJ, much like many other exchanges. I would not be surprised if TXSE does the same. Many trading firms already have their trading engines in that data center and I would assume TXSE would want quick access to that order flow and this might be easier if they are in NY4. Of course, they may want to have their c…
> I would assume TXSE would want quick access to that order flow Perhaps Texas could use a different trading model that doesn't require ultra high speed trading. Matt Levine often mulls the idea of a system with a trading window that doesn't let the fastest connection to the order book win. Perhaps an order book that works at human speeds so humans can trade too (I can think of a few ways to do it - but would need mo…
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Is this true though? Texas has had some well-publicized failures (well, really one major one), but as best as I can tell they are more or less middle of the pack on grid reliability[1]. I mean, you'll need a backup generator anywhere, but the report I found (admittedly with just a bit of googling) makes it seem like Texas is a better potential location than quite a few states (including California). [1] - https://www…
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"There have been 263 power outages across Texas since 2019, more than any other state, each lasting an average of 160 minutes and impacting an estimated average of 172,000 Texans, according to an analysis by electricity retailer Payless Power ( https://paylesspower.com/blog/blackout-tracker/ )" Also in 2021 210 people died. This is a huge deal. This wasn't just a little outage.
Texas has installed a vast number of solar and battery backup systems since 2019. And it will be a few years, but is going HEAVILY into nuclear (and for the next 3.5, is going to get auto-approval to actually build them. ERCOT is changing fast, don't rehash stale narratives.
Earlier quoted context omitted.
Equinix Dallas was hours from running out of fuel during the last snowpocalypse.
An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.
Earlier quoted context omitted.
Couldn’t they just send some hardware down Texas to co-locate there (presuming specialist hardware) and add another deployment target for their software? Would it be that hard?
The issue is the speed of light.
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An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.
It might be slightly inconvenient to people who want to sell their shares.
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There were already two exchanges. I don't think this changes much.
More than that, London and Tokyo both have well known exchanges, and large US companies are often listed on both of those as well. If you tried to tell me that no other country has an exchange I'd call you a lair without bothering to fact check you. (My impression is New York, London, and Tokyo are the big ones that matter in the world and everything else is a me too - but in their niche/country they may still be a b…
The Miami stock exchange (MIAX) has their matching engines colocated in Equinix's NY4 data center in Secaucus NJ, much like many other exchanges. I would not be surprised if TXSE does the same. Many trading firms already have their trading engines in that data center and I would assume TXSE would want quick access to that order flow and this might be easier if they are in NY4. Of course, they may want to have their c…
> I would assume TXSE would want quick access to that order flow Perhaps Texas could use a different trading model that doesn't require ultra high speed trading. Matt Levine often mulls the idea of a system with a trading window that doesn't let the fastest connection to the order book win. Perhaps an order book that works at human speeds so humans can trade too (I can think of a few ways to do it - but would need mo…