Exponential-e, the Next-Generation Network provider of low-latency services to the financial industry, and Equinix, Inc. (Nasdaq: EQIX), the leading global provider of network-neutral datacentres and Internet exchange services, announced today that Exponential-e has joined the Equinix Financial eXchange by deploying their strategic connectivity operations at the Equinix London–Slough (LD4) Internet Business Exchange (IBX®) data centre. As a part of the agreement, Exponential-e will also connect to the Equinix Financial eXchange communities operating in Equinix centres in the Frankfurt, New York and Chicago areas.
Equinix Financial eXchange is a community of common interest, consisting of capital market participants such as execution venues, buy and sell side firms, market data providers, technology utilities and network service providers, that locate operations within Equinix data centres in order to implement a high-performance, low latency connectivity infrastructure within a neutral environment. At Equinix, these customers can directly exchange data within the same physical location with strategic partners, customers and vendors, providing solutions for their multi-network connectivity and high-performance data center needs. Launched in 2003, Equinix Financial eXchange now extends to hundreds of members and is available in Equinix IBX datacentres located in the London, Paris, Frankfurt, Chicago and New York areas.
Exponential-e’s ultra-high speed connectivity is provided over fibre with a switched layer-2 Ethernet interface making it simple-to-use, scalable and on average 20% less expensive than its leased line counterparts. With no single point of failure, it provides a strong connectivity solution to the multiple sources of liquidity that are integral to the best execution rules under MiFID. The NGN infrastructure also supports IT chiefs’ wider aims for business continuity and virtualisation.
Today’s announcement will allow Exponential-e to offer enhanced direct market access for its customers by expanding connectivity to the aggregation of financial companies operating at Equinix datacentres in the London, Frankfurt, New York and Chicago areas. Exponential-e will provide customers hosted on its Financial Markets service creation platform (FM-SCP) with secure, scalable and easy access to the range of services and connectivity offered through the Equinix Financial eXchange community. For those customers already connected to the Exponential-e FM-SCP, a secure VLAN can be created to any member of the Equinix Financial eXchange community within days.
Commenting on the deal, Lee Wade, Managing Director, Exponential-e said: “The Equinix Financial eXchange community is the industry’s hub for global interconnection. Simple, zero-hop connections between banks and trading venues within the facility can now be extended globally using the single hop switched characteristics of Exponential-e’s Ethernet network. MiFID-compliant ultra-low latency is the result.”
Russell Poole, UK General Manager for Equinix added, “We are delighted to welcome Exponential-e and its extensive customer base to our Equinix Financial eXchange community. Each of our members brings significant added value to the community, and we believe that Exponential-e will significantly strengthen the network connectivity options available to our members.”
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About Equinix – www.eu.equinix.com
Equinix is the leading global provider of network-neutral data center and interconnection services, offering premium colocation, traffic exchange and outsourced IT infrastructure solutions. Global enterprises, content companies, systems integrators and network service providers look to Equinix Internet Business Exchange (IBX®) centers for world-class reliability and network diversity. Equinix IBX centers serve as critical, core hubs for IP networks and Internet operations worldwide. With 40 IBX centers located in 18 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructure on a global basis.
About Exponential-e’s Financial Markets Community
Exponential-e’s finance unit is dedicated to serving the needs of the finance industry. Designed for latency-sensitive trading applications, Exponential-e’s next-generation network supports the finance industry’s move to algorithmic trading, direct market access and best-execution policies. Low-latency connectivity, financial data feeds and associated applications and services are available to the finance community. The company’s Financial Markets Service Creation Platform (FM-SCP) is a networked community of buy-side and sell-side financial organisations. Hosted as a single community from Exponential-e’s high-speed, secure and scalable Ethernet network, members get all the advantages of peer-to-peer connectivity and a simple, secure and private environment from which to connect with each other and share financial data and applications.
Exponential-e Finance is the equity markets and financial services arm of Exponential-e Ltd the UK’s most established provider of MPLS-based VPLS services and next-generation Ethernet applications to enterprise.
Exponential-e currently has more than 150 financial institutions within its FM-SCP connecting, trading and sharing rich content.
For more information visit www.finance.exponential-e.com or contact:
+ 44 (0) 20 7096 4098
helen.simpson@exponential-e.com
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 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; 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.
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.
For more information contact:
+ 44 (0) 20 7096 4098
helen.simpson@exponential-e.com
Kerry Jago, Equinix
T: + 44 (0)845 373 2935