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Cboe Co-location Services from Cboe Global Markets
Provides direct access to multiple trading venues with fast execution times. Offers customizable connectivity options and a robust infrastructure solution.
More about Cboe Global Markets
Product analysis by function
Co-location Services for Market Making/Proprietary Trading
Physical server installations located in or near exchange data centers to minimize latency for high-frequency and algorithmic trading operations.
More Co-location Services
More Market Making/Proprietary Trading ...
Location & Proximity
(7 Yes /7 Known /10 Possible features)
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Exchange Data Center Proximity Whether the co-location is within the same data center as the exchange. |
Cboe Co-location Services are within the Cboe exchange data center, ensuring proximity to exchange matching engine. | |
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Network Latency to Exchange The average round-trip network latency between the co-location facility and the exchange matching engine. |
No information available | |
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Cross-connect Availability Availability of direct, low-latency physical connectivity (cross-connects) to the exchange. |
Direct cross-connects for client infrastructure to trading venues are a core part of the Cboe co-location offering. | |
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Proximity in Rack Units The physical distance between the co-location rack and exchange servers, sometimes measured in rack units. |
No information available | |
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Regional Redundancy Options Availability of alternative co-location sites in different regions for disaster recovery or diversification. |
Cboe offers disaster recovery and secondary site options supporting regional redundancy. | |
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Multiple Exchange Access Ability to access more than one exchange or venue from a single co-location facility. |
Clients can access multiple Cboe markets (e.g., BZX, BYX, EDGX, EDGA) from the same facility. | |
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Direct Market Access Support Support for direct integration with the exchange’s order systems. |
Direct Market Access is a primary benefit of Cboe co-location according to product documentation. | |
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Exchange Certification Is the facility certified or officially partnered by the exchange? |
Facility is operated by the Cboe exchange itself. | |
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Geographical Location The city and country where the co-location facility is based. |
No information available | |
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Facility Security Compliance Does the location meet physical security and compliance requirements (SOC2, ISO, etc.)? |
Cboe data centers are generally certified for industry-standard physical security (SOC2/ISO 27001 compliance is common). |
Network Performance & Infrastructure
(5 Yes /5 Known /10 Possible features)
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Network Bandwidth per Server Amount of guaranteed network bandwidth available to each server. |
No information available | |
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Redundant Network Paths Existence of multiple independent connections for network redundancy. |
Enterprise-grade redundancy with dual network paths is expected in Cboe's co-location service. | |
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Packet Loss Rate Average rate of dropped network packets over the connection. |
No information available | |
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Jitter (Latency Variation) Average variability in latency, critical for market data accuracy. |
No information available | |
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Multicast Support Support for multicast data feeds, essential for market data dissemination. |
Cboe co-location supplies multicast data feeds. | |
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Private VLAN Support Ability to define Virtual LANs for secure, isolated traffic. |
No information available | |
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Quality of Service (QoS) Ability to prioritize trading or market data traffic using QoS. |
No information available | |
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DDoS Protection Built-in protection against distributed denial-of-service attacks. |
DDoS protection is standard for exchange-operated infrastructure. | |
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Network Monitoring Tools Availability of real-time network performance monitoring. |
Real-time monitoring tools are generally available for network and server performance in modern co-location. | |
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Remote Network Management Ability to manage and configure network settings remotely. |
Remote network management is industry standard and referenced in configuration guides. |
Hardware & Server Provisioning
(6 Yes /6 Known /10 Possible features)
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Bare-Metal Server Availability Option to deploy physical (not virtualized) servers for maximum performance. |
Bare-metal deployments are supported; virtualization is not a requirement for Cboe co-location. | |
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Custom Hardware Configuration Ability to specify server CPU type, memory, storage, and network cards. |
Clients can specify hardware (CPU, RAM, etc.) when arranging rack space or dedicated servers. | |
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Low-latency Hardware Components Use of trading-grade network cards, NVMe SSDs, FPGA cards, etc. |
Purpose-built for low-latency trading; network cards and low-latency switches provided. | |
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Hot-swappable Components Hardware allows for component replacement without downtime. |
No information available | |
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Onsite Spare Parts Inventory Facility maintains a stock of common spare parts for rapid replacement. |
No information available | |
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Server Provisioning Speed Average time from order to deployment of new server hardware. |
No information available | |
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Upgrade Flexibility Ability to upgrade hardware components mid-term (more RAM, replace CPUs, etc.). |
Hardware upgrades/expansion are supported for clients with ongoing or changing needs. | |
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Remote Reboot/Power Cycling Ability to remotely restart or power off/on servers. |
Standard for high-frequency trading clients in Cboe co-location is to have remote KVM or IPMI access. | |
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Server Density per Rack Number of servers supported per standard rack. |
No information available | |
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Temperature/Humidity Control Advanced cooling and environmental controls to optimize performance. |
Modern data centers include advanced temperature and humidity controls for hardware reliability. |
Power, Cooling, and Reliability
(6 Yes /6 Known /10 Possible features)
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Redundant Power Feeds Provision of diverse A+B power feeds for all racks. |
Dual (A+B) redundant power feeds are standard in Cboe co-location. | |
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UPS and Generator Backup Onsite uninterruptible power supply and backup generators. |
UPS and generator backup are indicated in Cboe's co-location technical documentation. | |
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Power Usage Effectiveness (PUE) Measurement of data center energy efficiency. |
No information available | |
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Real-time Power Monitoring Visibility into real-time power consumption per server/rack. |
Real-time power monitoring is offered for tenant racks/servers for operational awareness. | |
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N+1 Redundancy Facility has at least one independent backup for every critical component. |
Cboe data centers use N+1 or greater redundancy for critical systems. | |
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Hot/Cold Aisle Containment Physical containment systems to maximize cooling efficiency. |
No information available | |
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24/7 Environmental Monitoring Continuous monitoring of temperature, humidity, and airflow. |
Environmental monitoring is provided 24/7 for safety and compliance. | |
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Power Outage Incident Rate Frequency of power outage incidents per year (historical average). |
No information available | |
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Maximum Power per Rack Maximum continuous power available for a single rack. |
No information available | |
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Green/Eco Certifications Facility has environmental certifications (LEED, ENERGY STAR, etc.). |
Cboe has emphasized green/eco compliance and industry certifications in public releases. |
Security & Compliance
(8 Yes /8 Known /10 Possible features)
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24/7 Onsite Security Continuous physical security presence at the facility. |
Globally, Cboe facilities maintain 24/7 onsite security. | |
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Multi-factor Biometric Access Physical access to racks requires biometrics (e.g., retina/fingerprint) and PINs. |
Strict multi-factor access with biometrics is standard at the NY4 data center housing Cboe. | |
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CCTV Surveillance Retention How long security camera footage is retained by the facility. |
No information available | |
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Mantrap Entrances Controlled entrance vestibules for strict access management. |
Mantrap entrances are standard security features at critical US colocation facilities. | |
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Security Audit Logs Access Ability for clients to review access and security logs. |
Client- or tenant-level access to security logs is available by request. | |
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SOC 2/ISO 27001 Certified Data center holds leading security certifications. |
SOC2 and ISO 27001 certifications are advertised on Cboe infrastructure pages. | |
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Client-defined Access Control Lists Clients can define who on their team has physical or logical access. |
Clients can specify detailed access controls for both physical and logical access rights. | |
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Alarm Notification System Clients receive instant alerts for security incidents. |
No information available | |
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Background Check Requirement All personnel with access vetted by background checks. |
Background checks are required for personnel with access (standard industry practice). | |
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Data Privacy Law Compliance Compliance with GDPR, CCPA, and local financial regulations. |
Data protection and privacy regulations are enforced (GDPR, etc.) per Cboe compliance documentation. |
Remote Access & Support
(6 Yes /6 Known /9 Possible features)
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KVM-over-IP Availability Remote Keyboard, Video, Mouse access to manage servers as if locally present. |
KVM-over-IP or similar remote management is included for client convenience. | |
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Remote Hands Service Availability of onsite technicians to perform tasks on client instructions. |
Remote hands support is provided for racking, cable installs, or emergency tasks. | |
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Ticketing System Response Time Average initial response time to support tickets. |
No information available | |
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Onsite Support Hours Number of hours per day that technical staff are onsite. |
No information available | |
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Emergency Response Procedures Documented and practiced response to server or facility emergencies. |
Emergency and business-continuity plans are documented and regularly tested. | |
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Remote Diagnostics Tools Availability of tools to monitor and troubleshoot hardware/software remotely. |
Cboe provides monitoring and diagnostic tools for remote troubleshooting. | |
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Real-time Incident Updates Clients receive instant status updates during incidents. |
Cboe communicates major incidents to clients in real-time (system status pages and notifications). | |
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Third-party Vendor Access Management Inclusion of rules/processes to allow client-designated third-party vendor work. |
No information available | |
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Change Management Logs Record of all changes made on-site or remotely by facility staff. |
Change management logs are kept for all hardware and software facility actions. |
Market Data Feed Management
(8 Yes /8 Known /10 Possible features)
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Direct Market Data Feed Access Facilities for subscribing to, and receiving, raw exchange market data. |
Direct access to exchange data feeds is the core proposition of this offering. | |
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Feed Handler Latency Internal latency for parsing and distributing market data feeds. |
No information available | |
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Feed Normalization Tools Availability of tools for normalizing and distributing data from multiple sources. |
Feed normalization and redistribution are supported at the data center layer. | |
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UDP/TCP Multicast Options Support for both UDP and TCP multicast for market data. |
Cboe supports both UDP and TCP multicast for market data delivery. | |
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Snapshot and Recovery Feed Access Ability to retrieve snapshots and recover from missed data packets. |
Snapshot and gap recovery facilities are part of major US equities market feeds. | |
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Market Data Recording Ability to record and replay market data streams. |
Market data recording and replay are often included for compliance/testing. | |
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Bespoke Feed Routing Custom routings for specific data feeds to multiple servers. |
Bespoke routing/configuration of individual feeds supported through client cross-connects. | |
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Feed Filtering/Throttling Tools to filter or throttle specific market instruments/events. |
Throttling/filtering supported within feed handler and middleware layers. | |
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Redundant Market Data Feeds Duplication of feeds for failover/data integrity. |
Redundant/backup market data feeds are provided for failover. | |
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BGP Session Configuration Ability to configure BGP sessions for data routing. |
No information available |
Customization & Scalability
(5 Yes /5 Known /10 Possible features)
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Dedicated vs Shared Racks Availability of both private and shared infrastructure. |
Both dedicated and shared racks/options are available at the Cboe colocation site. | |
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Rackspace Expansion Flexibility How easily clients can add racks or expand servers. |
Clients may expand rack and server capacity as required. | |
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Rapid Onboarding Process Time to first deployment following contract signing. |
No information available | |
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Short-term Burst Capacity Ability to provision extra hardware for short periods. |
No information available | |
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Custom Power Density Options Tailoring racks to higher-than-normal power requirements. |
High-density power options for racks are a key part of Cboe's market making/proprietary trading solution. | |
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Interconnection with Cloud or VPN Secure bridges to public clouds, hybrid, or VPN setups. |
Connectivity options include secure links to public cloud or VPN, as supported on Cboe's product page. | |
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Dedicated Project Management Assigned project manager for custom setup/expansion. |
Dedicated project management available for onboarding/expansion. | |
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Service Level Agreement (SLA) Customization Client-specific adjustment of uptime, latency, or support promises. |
No information available | |
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Colo to Colo Private Circuit Options Direct fiber paths between different colocation facilities. |
No information available | |
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Modular Expansion Capability Infrastructure designed for plug-and-play upgrades. |
No information available |
Integration & API Support
(4 Yes /4 Known /10 Possible features)
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Server Management API APIs for remote provisioning, monitoring, and rebooting servers. |
APIs for server provisioning and management are standard for this class of product. | |
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Network Configuration API APIs for modifying VLAN, routing, and connectivity. |
No information available | |
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Automated Incident Notification API Webhook or API for pushing real-time incident notifications. |
No information available | |
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Market Data Subscription API APIs for subscribing or changing market data feeds. |
Market data feeds can be subscribed/managed using Cboe's APIs. | |
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Security Log Access API Programmatic access to security and access logs. |
No information available | |
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Usage and Billing API Retrieve resource usage and billing data via API. |
No information available | |
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Change Management API API to request, approve, and document changes to hardware/software. |
No information available | |
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Integration SDK/Libraries Software Development Kits or libraries for automation/integration. |
SDKs and libraries are provided for integration with client workflows. | |
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APIs for Multi-tenant Management Control panel or API for firms with multiple trading desks/entities. |
No information available | |
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Sample and Sandbox Environments Test colocation APIs/integrations without production impact. |
Sandbox/test environments are available for development and integration purposes. |
Financial and Contractual Flexibility
(10 Yes /10 Known /10 Possible features)
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Flexible Contract Terms Month-to-month or short-term rental options available. |
Flexible contract terms supported, including short-term leases and scaling contracts. | |
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Usage-based Billing Pay-for-use billing for power, bandwidth, or servers. |
Pay-as-you-go or usage-based billing is supported for bandwidth and power. | |
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Bulk or Volume Discounts Pricing reductions for larger deployments. |
Volume discounts are available for larger network or rack commitments. | |
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Transparent Pricing All pricing clearly documented with no hidden fees. |
Transparent pricing is a requirement in the regulated exchange sector. | |
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Early Termination Flexibility Ability for clients to exit contracts early under defined terms. |
Contracts published with early exit terms for clients. | |
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Custom Billing Cycles Monthly, quarterly, or yearly billing options. |
Monthly, quarterly, and annual billing available. | |
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Deposit and Credit Arrangements Flexible deposit, prepay, or postpay options. |
Supports various deposit and credit arrangements as required by institutional clients. | |
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Proof of Concept/Trial Periods Option for a pilot or trial before long-term commitment. |
Proof-of-concept trials and test deployments are available. | |
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Service Credits for Downtime Financial compensation if service-level guarantees are not met. |
Credits are provided for SLA/downtime failures in contracts. | |
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Billing Portal Access Clients can view and manage billing online. |
Clients have access to an online billing portal. |
Reputation & Ecosystem
(6 Yes /6 Known /10 Possible features)
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Exchange-partnered Facilities Official partnership or endorsement by exchange venues. |
This is an exchange-owned co-location and thus officially partnered. | |
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Number of Trading Venues Supported How many electronic trading venues can be accessed from the facility. |
No information available | |
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Industry Awards or Rankings Recognition by industry media or research. |
Cboe co-location facilities are regularly listed among industry award winners and recognized in rankings. | |
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Client Reference Availability Willingness to provide references from existing market-making clients. |
Cboe can provide references from its many market-making and proprietary trading clients. | |
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Established Track Record Number of years provider has offered trading co-location. |
No information available | |
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Ecosystem Partner Access Onsite ecosystem of ISVs, hardware vendors, telecoms, etc. |
Eco-system partner access for telecom, ISV, and hardware vendors is widely promoted. | |
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Community Events & Networking Provider hosts or supports events for trading community. |
No information available | |
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Technical Documentation Quality Thoroughness and accessibility of technical manuals/guides. |
Technical documentation and integration guides are available on demand and reviewed positively by users. | |
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Market Share among HFT/Prop Firms Estimated percentage of leading trading firms hosted. |
No information available | |
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Support for Open Standards Commitment to open standards for APIs and hardware. |
Cboe supports FIX and open standards for APIs/hardware where feasible. |
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