Toronto data center strategically positions Omega to capture international order flow
REDWOOD CITY, CA & TORONTO – June 6, 2011 – Equinix, Inc. (NASDAQ:EQIX, news, filings), a provider of global data center services, today announced that Omega ATS, the low cost alternative trading system for Canadian exchange-listed equities and fixed income instruments, has chosen Equinix to optimize performance and connect to global services and trading partners. Canada’s fastest growing ATS has located in Equinix’s TR1 International Business Exchange™ (IBX®) data center in Toronto.
The company will gain access to Equinix’s financial services ecosystem and directly connect to customers. Mike Bignell, president at Omega ATS, said: “Omega’s ethos is to create a more transparent, low-cost and efficient trading environment in Canada. By leveraging Platform Equinix, Omega will significantly increase the number of market participants who can directly connect to our platform, extending our services to a wider audience via the density of networks available to us.”
Equinix offers the most robust trading ecosystem in Canada, including ATSs, market data and risk management service providers, traders and banks. Companies within Equinix’s Toronto facility can now directly connect their servers to Omega’s point of presence.
Omega offers full transparency of over-the-counter (OTC) fixed-income instruments and is the only ATS to offer U.S. Securities listed in Canadian dollars. It will leverage Equinix’s data centers to offer easier access to more types of instruments to both retail and institutional investors.
John Knuff, general manager, global financial services at Equinix, said: “The Canadian market is becoming more competitive and innovative, and alternative trading systems such as Omega ATS are gaining market share. Sell-side participants wanting to trade with these newer entrants need to gain access to all of them as well as their customers, relevant data vendors and technology providers.”
About Omega ATS
Omega ATS is an alternative trading system for Canadian exchange-listed equities and fixed income instruments. It provides a fast, price/time priority trading platform where dealers and their clients can trade at the CBBO (Canadian Best Bid and Offer) at extremely competitive rates. It has more than 70 subscriber firms including Canada’s five largest dealers. The system is designed to maximize internal order processing speed – minimizing the time between when an order is received and an acknowledgement is sent. The company rewards liquidity providers with time priority over other marketplaces and is committed to keeping its marketplace fees as low as possible. For more information, please visit www.omegaats.com.
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 3,350 enterprises, cloud, digital content and financial companies connect to more than 650 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 37 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com
Equinix Media Contact
+1 (415) 992-4400
Omega ATS Media Contact
ASPECTUS PR for Omega ATS
+1 (646) 274-1348
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.