23 June 2009
Equinix Works with Intel to Boost Trading Performance for London-Based Financial Customers
Intel fasterLAB testing facility to be hosted at Equinix's London-Slough data center
London, United Kingdom - June 23, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, has announced a collaboration with Intel which will enable the community of financial firms located in its London (LD4) International Business Exchange (IBX®) data center to optimize their trading operations. From September 2009, fasterLAB, incorporating Intel's engineering activity for low latency, will be extended into the LD4 data center, allowing all participants of Equinix Financial eXchange, a neutral marketplace comprising a growing number of financial market participants, to fine tune their operational infrastructure to ensure best possible execution times when they engage colocation operations. This collaboration means that, for the first time, the expertise brought by fasterLAB will be available outside Intel's own test facilities and in a live production environment.
Equinix Financial eXchange consists of execution venues, buy and sell side firms, market data providers, technology providers and financial networks that locate infrastructure within Equinix data centers in order to benefit from highly reliable, low latency connectivity. Intel will be available to work with this community, focusing on the infrastructure level architecture of their trading systems, to deliver further throughput and latency improvements.
Under the arrangement, Equinix will provide colocation space for fasterLAB's proof of concept work, while Intel will provide Equinix's customers with access to the latest processors, working with a range of technology partners to test systems, using enhanced, updated configurations against a range of real-life operational trade execution scenarios. Following proof of concept, upgrades can then be defined and deployed as needed. This new extended fasterLABs initiative will help Equinix customers reduce the risks associated with innovation, gain access to a wider range of new technologies and cut the testing cycle for new technology deployments.
“We are delighted that Intel has decided to work with us to extend its fasterLABs initiative into our London-Slough data center,” said Petrina Steele, vice president, business development at Equinix in Europe. “Intel's proven track record of optimizing trading architectures to dramatically reduce latency, will be of significant value to the community of financial firms colocated within our LD4 center, whose number one requirement is cut execution times.”
Supporting companies assisting in the fasterLAB intiative include ACTIV Financial, Citihub, Chi-X, Chi-Tech, Correlix, Corvil, Fixnetix, ICAP, Progress Software's Apama Algorithm Trading Platform, Quanthouse, Rapid Addition, SeaNet Technologies, Sun Microsystems, TBricks, Thomson Reuters, TS-Associates plc and Verari Systems, as well as other leading engineering consulting companies, trading services firms, niche software providers and hardware and infrastructure specialists.
“Colocation has now become one of the key facets in the quest for low latency and best practice trade execution, but it is equally critical for financial firms to scrutinise and tune all aspects of their technology infrastructures in order to optimize performance,” said Nigel Woodward, worldwide director, financial services, Intel. “It is a natural progression for Intel to team up with Equinix to facilitate faster trading operations and we hope that the collaboration will represent a very positive development for all market participants.”
About Equinix Financial eXchange:
Equinix Financial eXchange is a neutral marketplace consisting of financial markets participants including execution venues, buy and sell side firms, market data providers, technology providers and financial networks; that locate servers and infrastructure within Equinix data centers in order to support highly reliable, low latency connectivity for a broad range of market participants. Learn more at: http://financial.equinix.com
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 42 International Business Exchange™ (IBX®) data centers across 18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com. We encourage you to check Equinix's website regularly for the most up-to-date information.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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