All roads lead to Bergamo: Euronext eyes new home for its tech
Market participants fear a “horrible” relocation project and more room for latency arbitrage
Basildon, a grey industrial town about 48km from central London, may not bring to mind trading in stocks and listed derivatives, but for the last 10 years, it has been home to the technology underpinning exchanges around Europe.
That may be about to change as Euronext – which operates venues in Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris – is considering moving its data centre to Italy.
While a segment of Euronext’s market-making members would be happy to leave the expensive Basildon
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