March 25, 2009
Need to Know News to Offer Algorithmic News Feed for Financial Trading Community at Equinix Frankfurt Data Center
FOSTER CITY, CA — March 25, 2009 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that Need to Know News, LLC (NTKN) has launched its Lightning Bolt algorithmic news feed service within the Equinix Frankfurt-North (FR2) International Business Exchange (IBX®) data center. The service will be available to the community of financial trading companies currently operating within the center, including buy and sell side firms which rely on real-time news feeds to improve their trading operations. NTKN currently offers the service at Equinix centers in the New York and Chicago areas.
NTKN is a premier financial news service specializing in computer readable news feeds for algorithmic trading and risk management, and it also provides written and audio economic news. Disseminated to traders and investment professionals around the world, NTKN reports market news in real-time, providing in-depth coverage of the U.S. and European futures markets, fixed income, energies, and foreign exchange markets. The company's Lightning Bolt service provides key economic indicators in a computer readable format for monitoring, analysis and easy incorporation into computer models.
By operating at Equinix, NTKN will have access to the Equinix Financial eXchange, a community of capital market participants that locate operations within Equinix data centers in order to benefit from a high-performance, low latency connectivity infrastructure within a neutral environment. At Equinix, 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 will also have access to a broad range of high-performance network connectivity and data center services.
“Our IT infrastructure is a key differentiator in the service that we provide to capital market participants who depend upon us for fast, secure and reliable market data,” said Clint Rhea, chief operating officer of Need to Know News. “In addition to providing a high-performance and scalable data center environment for us and our customers, Equinix also provides direct access to a vibrant financial trading community already participating on the company's Equinix Financial eXchange service. We derive significant value from operating in the same physical location as our customers, who in turn, have come to Equinix to be in close proximity to the global financial exchanges operating within its data centers.”
“As a technology leader in the electronic delivery of news for the financial trading industry, Need to Know News relies on close proximity with its customers and partners to deliver the fastest and most reliable service,” said Petrina Steele, Equinix's vice president for business development in Europe. “At Equinix, they can directly reach the major hedge funds, high frequency trading firms, proprietary trading firms, and investment banks that are already operating within Equinix centers.”
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.
About Need to Know News
Initially a supplier of Scream Audio broadcasts of economic releases and news for the electronic trader, in 2007 Need to Know News began providing computer-readable news for algorithmic trading. The company's Lightning Bolt service quickly became the leading news-feed integrated into sophisticated banks, hedge funds and risk management algorithms. With news bureaus and data centers linked together via state-of-the-art infrastructure in North America and Europe, the next natural progression in expanding Need to Know News' product line was the creation of Essential, the first and only scrolling news service designed exclusively for electronic traders. For more information on NTKN, call 312-663-7176 or visit www.needtoknownews.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. Internet Business Exchange is a trademark of Equinix, Inc.