January 8, 2009
7ticks Ultra-Low Latency Network Bridges U.S. and Frankfurt Financial Markets with Expansion at Equinix
Managed Service Provider Expands Reach of Global Financial Network
CHICAGO and FOSTER CITY, CA (Business Wire)— 7ticks, the leading provider of high performance trading network solutions, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, announced today that 7ticks has launched a direct, network-neutral connection within the Equinix Frankfurt-North (FR2) International Business Exchange (IBX®) data center between its U.S. based network and the Eurex proximity location in Frankfurt, Germany.
7ticks' presence at the FR2 center facilitates ultra-low latency services between the Eurex and other international exchanges. Within the center, the Frankfurt presence enhances 7ticks' existing access to the Eurex VALUES API and Enhanced Broadcast Solution. 7ticks also now offers the new Eurex Enhanced Transaction Solution for lowest latency order routing.
“The expansion of 7ticks' services to Equinix's FR2 IBX center builds upon the successful partnership that the two companies have in the U.S., where 7ticks is deployed at Equinix's Chicago centers,” said John Knuff, director of business development for Equinix. "7ticks offers a variety of services that furthers our goal of providing financial market participants at Equinix with access to the best of breed managed services providers."
“During these times of extreme market volatility, traders need affordable, low latency access solutions more than ever. Extending our network to Frankfurt, Germany represents another important step in our global expansion plans,” said Joe Bigane, Managing Director for 7ticks. “Our clients are already seeing huge advantages in performance, reliability, and cost affordability.”
7ticks is headquartered in Chicago, where the company pioneered managed proximity co-location services for Chicago's electronically traded products and exchanges. The Frankfurt data center marks the first of several international locations in 7ticks' plans for global expansion, and compliments the company's existing U.S. proximity offerings. The 7ticks team provides electronic trading infrastructure design, procurement, installation, and hosting services that are enhanced by ongoing management, support, and monitoring solutions.
Proprietary trading groups, clearing firms, global investment banks, brokers, market makers, hedge funds, and independent software vendors (ISV's) choose 7ticks for industry leading network performance, reliability, monitoring insight, and cost savings.
For more information on 7ticks, please visit http://www.7ticks.com or call 312-896-0300.
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 41 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.
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.