Toronto data center chosen to support Fidessa expansion into Canada
REDWOOD CITY, Calif. — May 2, 2011 — Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced that Fidessa Canada corporation, part of Fidessa group plc (LSE: FDSA) and provider of high-performance trading, investment management and information solutions for the world’s financial community, will host its Canadian trading platform in Equinix’s Toronto TR1 International Business Exchange™ (IBX®) data center. Fidessa is already present in several Equinix IBX data centers, including London and Singapore.
Fidessa is leveraging Platform Equinix to expand its global footprint into Canada. Fidessa’s requirement in Canada involved access to a wide range of networks to deliver trade execution, market data and connectivity solutions for high frequency, cross-border and multiple-asset class trading.
Martin Hakker, managing director at Fidessa Canada, said: “Canada is experiencing many changes in the form of liquidity fragmentation, new market regulations and product innovation. As part of our global strategy, we sought a data center provider close to the financial hub in Canada and one with access to a dense network of service providers. Platform Equinix fit the bill with its vast ecosystem of exchanges, market data providers and financial institutions.”
Fidessa’s Canadian trading platform provides access to all of the Canadian trading venues, including the Toronto Stock Exchange. It offers execution services and market data for equities, equity options, futures, derivatives and bonds. Customers can choose to use the platform for trade execution, market data and connectivity either separately or together.
John Knuff, general manager, global financial services at Equinix, said: “Fidessa’s commitment to providing customers with access to the best possible trading products and services will be well supported by our data center in Toronto. Fidessa is leveraging the benefits of Platform Equinix including its global footprint and high density of networks in key financial markets.”
The partnership with Equinix represents Fidessa’s second co-location deal in Toronto this year. On February 8, TMX Group and Fidessa announced that Fidessa would host its trading solutions onsite at TMX Group’s co-location facility. Fidessa, along with other co-located clients, receives the benefits of direct high-speed access to Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange trading engines and market data feeds.
About Fidessa group
Exceptional trading, investment and information solutions for the world’s financial community.
New technology, new regulation, new challenges: making money in today’s financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That’s why 85% of the world’s premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It's also why $10 trillion worth of transactions flow across our global network each year. Because we’re the market leader, we can also offer unique access to the world’s largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.
Fidessa is a global business with scale, resilience, ambition and expertise. We’ve delivered around 30% compound growth since our stock market listing in 1997 and we're recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These customers locate servers and infrastructure within Equinix data centers to support mission critical financial services applications with highly reliable, low-latency connectivity. Learn more at: http://www.equinix.com/industries/financial-exchange/
Equinix, Inc. (NASDAQ: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,275 enterprises, cloud, digital content and financial companies connect to more than 625 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 35 strategic markets across North America, Europe and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com
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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.
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