June 29, 2009
Equinix NY Area Data Center to Host CBOEâs New All-Electronic âC2â Exchange
Foster City, CA - June 29, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, plans to locate electronic trading operations for its all-electronic exchange, currently known as “C2,” at the Equinix New York-4 (NY4) International Business Exchange (IBX®) data center in Secaucus, NJ. SEC approval of C2 is pending, and CBOE has not yet announced an official launch date for the new exchange.
C2's participation in Equinix Financial eXchange at the NY4 center will provide the growing number of electronic trading firms in the center with direct proximity to CBOE's C2 options products. Equinix Financial eXchange serves capital market participants such as exchanges, buy and sell side firms, market data providers, technology utilities and network service providers. These companies locate operations within Equinix data centers in order to implement a high-performance, low latency connectivity infrastructure within a neutral environment. In addition, the NY4 center can accommodate the latest power, cooling and space demands of the new generation of IT equipment, allowing financial companies to focus on their core competencies rather than on the increasingly complex management of a high-performance data center infrastructure.
“This move brings all the benefits of the operations CBOE currently has in the Chicago area to the immediate proximity of the leading market participants in the New York area, reducing the latency in an industry where milliseconds can make a significant difference,” said Gerald O'Connell, executive vice president and chief information officer for Chicago Board Options Exchange.
“The launch of CBOE's new electronic trading platform within Equinix's NY4 data center will provide a significant benefit to the existing financial trading companies and networks already operating within the center, and it will allow new CBOE customers to place their trading infrastructure within our flexible and high-performance data center environment,” said John Knuff, director of business development for Equinix.
The NY4 center in Secaucus, NJ, at which C2 will be located, is Equinix's largest data center in the U.S. to date which, at full build out, will be 340,000 square feet - the size of five football fields. Power operations include a high-performance backup system that provides uninterrupted power even in the event of utility power disruption. Security features include interlocking "mantrap" doors, multiple layers of biometric hand-geometry scanners controlling access, as well as 24-hour security officers and hundreds of surveillance cameras.
About Equinix Financial eXchange
Equinix IBX data centers support a global financial community of buy-side and sell-side firms, hedge funds, execution venues, market data suppliers, network providers and trading technology vendors, all interconnected inside a neutral, open marketplace. Equinix has become the data center for the well-connected, offering low-latency connectivity and colocation capabilities via facilities around the world. Learn more at: http://financial.equinix.com
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.
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.