Advertisement

Free Newsletter

Home Web Hosting News Equinix Financial Exchange™ La ...

Web Hosting News by HostReview.com


Equinix Financial Exchange™ Launches with Leading Trading Companies as Initial Customers

 


First Interconnection Service Dedicated to Financial Trading Market as More Exchanges Move to Electronic Trading Systems

HostReview.com
Monday, November 17, 2003; 12:00 AM

Foster City, CA - November 17, 2003 - Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced the availability of Equinix Financial eXchange™, a data exchange service to enhance the reliability, flexibility and performance of electronic financial trading operations. Current customers of the service represent some of the biggest names in the financial trading industry, including NQLX, ABN AMRO, the Eurex division of Deutsche Böerse AG, First Traders, Euronext.liffe, Rosenthal Collins Group LLC and Trade Station. The announcement comes as an increasing number of banks and financial trading companies are migrating from floor trading operations to electronic trading platforms.

Equinix Financial eXchange is a bundled service designed to provide the financial trading industry with the highest levels of network redundancy along with a high-performance data center environment to ensure operational continuity for critical electronic trading operations. The service offers a fast, reliable and convenient platform for banks, financial trading companies and financial exchanges to interconnect with each other and with multiple network service providers in order to execute financial transactions. In addition, Equinix Financial eXchange allows these companies to rapidly and efficiently scale to meet increasing trading volumes and respond to additional data demands from partners and customers. The results are faster transaction processing, lower costs, and enhanced trading capabilities. Each Equinix Financial eXchange package provides secure colocation cabinets, as well as a tiered quantity of cross-connects to other IBX participants, including every major network service provider.

Financial trading companies can leverage Equinix's aggregation of carriers and ISPs to directly interconnect with these strategic network providers within the same facility, eliminating the cost as well as the performance degradation associated with linking to multiple partners over great geographic distances. The result is a reduction in connectivity costs, an improvement in end-user performance and an increase in reliability and redundancy.

Similarly, Equinix's infrastructure ensures the most reliable and redundant operations and has a track record of 99.9999% uptime. Security is a key consideration for financial companies, and all Equinix centers feature interlocking "mantrap" doors, multiple layers of biometric hand-geometry scanners controlling access, Kevlar-lined bullet resistant walls, as well as 24x7 guards and hundreds of surveillance cameras. The power operations of each center include a high-performance backup system that guarantees uninterrupted power even in the event of utility power disruption.

"Electronic trading exchanges continue to grow and currently account for more than half of all NASDAQ trades," said Peter Van Camp, CEO of Equinix. "As brokers, traders, clearinghouses and exchanges become more electronically connected, Equinix's centers have become critical hubs for these companies to link to each other, as well as with all of the major network service providers, in a high-performance and secure data center environment. The result is faster and more reliable access to a wide variety of financial companies and trading exchanges, such as the New York Stock Exchange and the American Stock Exchange."

About Equinix

Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators and network services providers. Through the company's 13 Internet Business Exchange™ (IBX®) centers in five countries, customers can directly interconnect with every major global network and ISP for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.

Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.


Equinix Contacts:
David Fonkalsrud
K/F Communications, Inc.
(415) 255-6506
dave@kfcomm.com


Related News and Features
Other News by This Company
Singapore’s Leading Web Hosting Provider Picks Equinix Services - January 17, 2006
Equinix Enters into Sale-Leaseback Agreement for L.A. Data Center - October 25, 2005
Equinix and Neustar to Develop SIP Peering Exchange for VoIP and Other Advanced Services - October 24, 2005

Advertisement