Wall Street firms add data storage in N.J.

star ledger ^ | April 5, 2010 | Sean Sposito

[Coleus]

To passersby, the squat two-story building in Totowa might look like a vacant office park. There are no signs of activity, save a few cars dotting the parking lot.

But inside the gated facility, workers are preparing to build a server farm the size of a football field — outfitted with miles of fiber-optic wiring and hundreds of computers — to store data for Wall Street financial firms some 20 miles away.

As New York City’s financial services industry struggles to cut back on IT spending, many companies are turning to data centers in New Jersey like this one, which is being built by Connecticut-based Cervalis. Data center providers say the Garden State is an ideal location for these facilities because of the lower real estate and construction costs. At the same time, it is still close enough to New York to guarantee fast data transmission speeds.

“It’s what we call the ‘Doughnut’ — you want to be just far enough from New York City, but not too far,” said Michael Boccardi, chief executive of Cervalis.

[Paleo Conservative]

That way the data center employees don’t have to pay New York City income taxes.

[KoRn]

Sounds like a cool project.

I wonder how many VM datastores are going to be in that place. One could only guess. I’m SURE that EMC just loved the idea.

I’d love to know what kind of pipe they have going into that location. Probably bandwidth we would nearly kill for. lol

[JerseyHighlander]

The Mahwah facility owned by NYSE is so big it’s unbelievable. I can’t see how the Mahwah facility will be utilized, it can as of right now fulfill all datacenter needs of every market in North America, but is actually capable of 75 times the current data needs of all North American markets.

FYI, being reported that Mahwah has a latency of 10 to 12 milliseconds.

http://hft.thomsonreuters.com/2009/11/20/tour-of-the-nyses-mahwah-facility/

[njslim]

Have a huge server warehouses in Seacacus and Weehawken

Did some work there last summer.....

Also after 9/11 some companies set up backup facilities
at least 25 miles from NYC in case something (aka dirty
bomb) happens

[BfloGuy]

That way the data center employees don’t have to pay New York City income taxes.

Ah, yes, New York. The only place that makes New Jersey seem like a sensible place to do business.

[ShadowAce]