Data centre will open in September 2015.
Nasdaq will migrate its disaster recovery (DR) data centre for U.S. equities and options markets from Ashburn, Virginia, to Chicago, Illinois in August later this year.
The company said it will implement a parallel period starting on 15th August with a hot-cut being instituted on 29th January 2016 for all affected feeds.
The stock market added that the move will offer a broader geographic diversity, enabling firms to connect to multitude of multi-asset engines currently housed in or near the Chicago facility – potentially lowering networking costs.
Nasdaq added that while migrating the DR, all markets will be treated as a live Point of Presence (POP) for firms receiving market data as well as sending orders.
The data centre will be located on the 8th floor of the Equinix CH4 facility at 350 E. Cermak and the launch of the Chicago facility is scheduled to the 1st September 2015.