17 November 2009
FXall Offers Foreign Exchange Platform through Equinix Data Centers
Access to Equinix's Strategic Networks and Business Partners Enables FXall Active Trading Clients to Optimize Performance
FOSTER CITY, CA and NEW YORK, NY — November 17th, 2009 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that FXall, the world's leading multibank foreign electronic platform, will offer connectivity to its foreign exchange platform within the Equinix NY4 International Business Exchange (IBX®) data center. The service will be available to the community of Equinix Financial eXchange financial trading companies currently operating within the New Jersey campus, including buyside and sellside firms which trade multiple asset classes. In addition, the deployment to Equinix will enable FXall to directly reach the rich aggregation of networks and other strategic partners operating within Equinix's Financial eXchange to service FXall customers with optimized performance.
FXall's complete product coverage includes spot, swap, forward and NDF products for over 500 currency pairs available in one technologically advanced platform. More than 800 global institutions rely on FXall's trading and straight through processing solutions to support a multitude of trading strategies in all market conditions.
FXall will offer its services to customers of Equinix Financial eXchange, a community of capital market participants, including execution venues, buy and sell side firms, market data providers, technology providers and financial networks, that locate operations within Equinix data centers in order to benefit from a high-performance, low latency connectivity infrastructure. At Equinix, these companies can directly exchange data within the same physical location with strategic partners, customers and vendors, thereby enhancing their trading decisions and risk avoidance operations. They also have access to a broad range of high-performance network connectivity and data center services.
In addition to the benefits that FXall will bring to the Equinix Financial eXchange ecosystem, companies will also be able to leverage the platform to execute direct relationships with key networks and other strategic partners in order to enhance the speed and reliability of their services.
Phil Weisberg, CEO of FXall said; “With liquidity from over 200 pricing streams and a comprehensive product set capable of supporting multiple execution strategies, the FXall platform provides active traders with access to the deep liquidity and advanced trading functionality they demand. Our partnership with Equinix presents another way for active traders to gain an edge in the market and we look forward to expanding the connectivity options available to further grow this client segment through Equinix's extensive network of users."
“Equinix's financial community has identified FXall as a very desirable trading venue, and we are happy to help fulfill their performance needs,” said John Knuff, director, Business Development, Equinix. “Beyond benefitting our current financial community customers, FXall's presence will hopefully attract new customers to our NY4 center and serve as a spring board for future FXall growth initiatives.”
About Equinix Financial eXchange
Equinix IBX data centers support a global financial community of buy-side and sell-side firms, hedge funds, execution venues, market data suppliers, network providers and trading technology vendors, all interconnected inside a neutral, open marketplace. Equinix has become the data center for the well-connected, offering low-latency connectivity and colocation capabilities via facilities around the world. 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 45 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/investors. We encourage you to check Equinix's website regularly for the most up-to-date information.
FXall gives institutional clients an edge in foreign exchange trading as the leading independent electronic platform. We deliver the expertise, resources and commitment of a neutral platform with the broadest suite of FX trading solutions that combine execution tools with end-to-end workflow management and straight through processing. Our flexible tool set delivers the right execution strategies and liquidity in all market conditions for over 800 institutions globally. FXall's offices in New York, Boston, London, Tokyo, Singapore and Sydney serve the needs of active traders, asset managers, corporate treasurers, banks, broker-dealers and prime brokers. For more information on FXall, visit www.fxall.com.
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.
Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.