Billions of securities transactions every day make it possible for Wall St. to do it's job. Without the data flowing through server farms as big as football fields the entire financial system would grind to a halt pretty quickly. More and more these servers handling billions of trades are done here in Jersey City as well as Weehawken and Secaucus:
The story notes that the headquarters for Direct Edge, the third largest U.S. stock exchange, is located in Jersey City. Equinix, a data center that is the primary facility for the Chicago Board Options Exchange and Direct Edge, is located in Secaucus. And Saavis, a data center that is a primary facility of BATS Global Markets, is located in Weehawken.
The third largest stock exchange here in Wall Street West. Pretty impressive. William O’Brien, chief executive of Jersey City’s Direct Edge in fact said, "The places that people are used to thinking about as the home of the stock market are really just glorified TV studios."
The film also discusses the issue of high speed trading, how secure and reliable all these data centers are and 2010's Flash Crash. It is available on iTunes. But first, a trailer...
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