NOVEMBER 29, 2007
Equinix strengthens its financial eXchange community in Europe with the addition of Fixnetix
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29 November 2007, Frankfurt, GERMANY: Equinix Inc. (Nasdaq: EQIX), the leading global provider of network-neutral datacentres and Internet exchange services, has added Fixnetix to its rapidly expanding financial eXchange community in Europe.
Fixnetix is the leading provider of ultra-low latency market data, including fast access to exchange, multi-lateral trading facility and broker data across the world. The company selected Equinix to provide direct access to Deutsche Börse’s market data streams, and to join the Equinix financial eXchange community in Europe to provide the highest performance market data streams and exchange trading connectivity to community members.
Equinix’s financial eXchange community in Frankfurt now has almost 50 member organisations who benefit from direct access cross-connects to a range of financial hub resources including traditional exchanges, alternative venues, other liquidity pools, market data vendors, such as Fixnetix, trading platforms and clearing and settlement providers. Fixnetix will join the growing number of organisations that are already taking advantage of Equinix’s proximity hosting service at its Frankfurt2 datacentre close to the Deutsche Börse technical infrastructure.
“Our customers depend on Fixnetix to provide them with the fastest financial and market information,” commented Hugh Hughes, chief executive officer of Fixnetix. “This requires us to constantly engineer and optimize every area of the end-to end delivery process for each exchange. By choosing Equinix to locate as close as possible to the Deutsche Börse matching engine, Fixnetix can provide customers with the fastest access to this important service. Fixnetix’s innovative ‘on the wire services’ provide this without the need for any software or hardware to be installed on the customer’s site. Using these techniques, Fixnetix ensures that each financial institution across Equinix’s financial community in Europe can get access to every major European market in every location with the lowest latency metrics possible. In a post MiFID world, any price missed from one market as a result of market fragmentation is an opportunity lost.”
“Fixnetix insists on the highest levels of performance for its end-to-end low latency market data services, so we’re delighted that they chose Equinix and our direct access proximity services to provide the connectivity they needed for the Deutsche Börse,” added Petrina Steele, Equinix’s Vice President for Business Development in Europe. “Equinix already provides the highest performance for trading on the Xetra and EUREX markets and we’re pleased to now extend this advantage to Fixnetix.”
Equinix’s financial eXchange enables the development of neutral interactive financial communities in Europe, offering a highly resilient and convenient platform for banks, financial trading companies and financial exchanges to interconnect with each other and with multiple network service providers in order to execute financial transactions with a minimum of latency. Launched in 2006, the community now extends to almost 50 members including Yipes, Nico Trading, Merrill Lynch, Fortis and Citibank.
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 37 IBX centers located in 17 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructures on a global basis.
Fixnetix is a next generation market data telecommunications company that delivers proven end-to-end low latency market data. Based on client feedback, it provides the fastest access to exchange, multi lateral facility and broker data across the globe. As the industry’s leading provider of low latency data, Fixnetix is a telecommunications company and a vendor of record with a number of major exchanges around the world, allowing it to provide data direct and reducing transmission times by hundreds of milliseconds. Its technology and services help hedge funds, banks and other financial institutions address market data issues such as delivery cost, support, flexibility, integration, bundling, MiFID and, of course, low latency.
Founded in 2005, Fixnetix is headquartered in London, United Kingdom.