13 April, 2011
London Metal Exchange Selects Equinix for Proximity Service
Leading metals market now directly accessible from Equinix’s London Slough campus
LONDON, UK — April 13, 2011 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that the London Metal Exchange (LME), the world’s leading non-ferrous metals market, has opened its first access node offering proximity services, located in Equinix’s LD4/LD5 London International Business Exchange™ (IBX®) data center campus in Slough. The new access node will provide LME members located at the Equinix campus a unique opportunity to connect directly to LMEselect, the Exchange’s electronic trading platform, dramatically reducing connectivity costs.
Established for more than 130 years and located in the City of London, the LME offers a range of futures and options contracts for non-ferrous, minor metals and steel billet. The Exchange helps its members to plan ahead for sudden price movements in changing market conditions by providing a transparent forum for all trading activity. In 2010, 120.3 million lots were traded at the LME, while the total value of trading on the Exchange was $11.63 trillion.
The LME access node will bring additional trading opportunities to Equinix’s already rich financial ecosystem at the LD4/LD5 campus. This will further attract new trading participants and complement the existing Equities, FX and Fixed Income trading venues already housed in the data center. This significant trading venue will also increase market opportunities for more than 250 of Equinix’s financial services customers that are interconnected across its rich financial trading communities within Zurich, Frankfurt and London.
Michael Warren, CTO at the LME: “Equinix’s state-of-the-art data centre LD4/LD5 campus will offer our members ultra-reliable colocation services. They have an established community of financial services firms worldwide and this provides the LME and its members with a readymade market in which to operate.”
“We are delighted to be working with the LME to optimize the trading capabilities of its members,” said Russell Poole, General Manager, Equinix UK. “This mutually beneficial relationship with the LME supports our continued investment in the financial services industry. While Equinix will offer LME members a highly reliable and secure location from which to trade, the LME’s presence will further enhance the broad spectrum of services available to participants in the financial trading communities that exist within our data centers.”
About the London Metal Exchange
The London Metal Exchange is the world’s premier base metals market. It aims to set the global standard for price risk management in metals and provide tools including futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and the minor metals - cobalt and molybdenum. In 2010, 120.3 million lots were traded at the LME, while the total value of trading on the Exchange was $11.63 trillion. At the close of the year 5.7m tonnes of material were held on LME warrant in 709 storage facilities across 39 locations internationally. http://www.lme.com/
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These customers locate servers and infrastructure within Equinix data centers to support mission critical financial services applications with highly reliable, low-latency connectivity. Learn more at: http://www.equinix.com/industries/financial-exchange/
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,275 enterprises, cloud, digital content and financial companies connect to more than 625 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 35 strategic markets across North America, Europe and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.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.