January 30, 2007
IXEurope Signs Nico Trading for IXFX Proximity Services platform in Germany
The proximity trading service is part of IXEurope's IXFX (IXEurope Financial Exchange).
IXEurope, one of Europe's largest and fastest growing datacentre services providers, has announced that it has signed Nico Trading as a new user of its IXFX Proximity Services platform in Germany.
The proximity trading service is part of IXEurope's IXFX (IXEurope Financial Exchange), offering specific interconnection and exchange platform services within IXDatacentres™. The proximity trading service, developed with Deutsche Boerse Systems, was devised to enable financial trading organisations, particularly those using algorithmic trading strategies, to increase their transaction speeds by significantly reducing network latency.
IXDatacentre customers are able to colocate their servers at close proximity to a main gateway of Deutsche Boerse Systems' infrastructure located within one of IXEurope's IXDatacentres in Frankfurt-am-Main, Germany. By colocating in the same datacentre the connection speed is significantly increased, resulting in trades being executed in some instances significantly faster than previously.
Ricardo Naon, CIO at Nico Trading commented: "By moving our core Eurex trading system from Chicago to IXEurope Germany and using their proximity service we are seeing a net reduction in latency from around 130 milliseconds to less than 30 milliseconds. Our automated trading systems benefit from, among other things, low message latency so this upgrade is making the difference between a successful and an unsuccessful trade, especially in high volume commodities markets."
"In addition, we have had outstanding support from the IXEurope teams. We have had rapid response to our technical and sales issues every time, the team consistently coming back to us with well-structured, well thought-out solutions, we are extremely satisfied with this partnership."
Guy Willner, CEO at IXEurope added: "We are really excited to see Nico Trading join our growing roster of financial services clients. We are already fast becoming the de-facto home for many large bank and insurance company IT platforms due to our extremely high quality levels and market-leading service commitments. The arrival of financial trading companies highlights the network-effect generated once we reach a critical mass of financial clients, and also leverages our network-rich IXDatacentre environment."
IXEurope is one of Europe's fastest growing providers of datacentre services. Its principal activities include primary datacentre services, hosting infrastructure and business continuity solutions.
IXEurope works with enterprise and internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company has over 450 customers in the enterprise, internet and networking markets including Merrill Lynch, Deutsche B�rse Systems AG, Network Rail and France Telecom.
Founded in 1998, IXEurope was listed on the London Stock Exchange in April 2006.
For more information please visit the website at www.ixeurope.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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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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