FOSTER CITY, CA and BOSTON, MA — March 10, 2010 — Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, and Boston Options Exchange Group, LLC (BOX), an all-electronic equity options market, today announced BOX is moving its operations, featuring an ultra-fast matching engine, within the Equinix NY4 International Business Exchange (IBX®) data center. The deployment provides a secure, high performance trading environment that BOX requires for its present and future plans.
BOX offers many distinctive features in addition to its innovative market structure. Its ultra-low latency matching engine can be accessed from hubs in Chicago and New York and participants wishing to connect at NY4 can arrange space directly through Equinix. The addition of BOX to the Equinix Financial eXhange ecosystem opens up new business opportunities and relationships to all community members through Equinix's cross-connect services.
According to BOX Senior Vice President Alan Grigoletto, “Equinix provides a healthy exchange ecosystem - in essence a 'living reef' - where all participants can access additional data feeds and other technology vendors via cross-connects, and where market makers, high-frequency traders and order flow providers can co-exist.”
BOX order matching is executed on price-time priority with no order cancellation fees. BOX's key feature is its Price Improvement Period (PIP) auction, which has returned almost $270 million in savings to customers since BOX's launch. BOX offers multiple competing market makers and has no seats to buy or lease. BOX has very simple fee structures.
“We welcome BOX to the Equinix NY campus and to our Financial eXchange ecosystem that provides the choices that help them to deliver their optimized transaction performance, the highest levels of security and an opportunity to meet their strategic growth initiatives when needed,” said John Knuff, head of business development, Equinix.”Its move to Equinix further benefits our existing community members who may want to connect with the Boston Options Exchange.”
for more information about BOX and Equinix.
The Boston Options Exchange Group, LLC (BOX) is an all-electronic equity options market that is jointly owned by the TMX Group and seven broker dealers. BOX was established in 2002 and launched trading in February 2004 as an alternative to the market models in existence at the time. Since inception, BOX has provided its participants with an efficient and transparent marketplace, cutting edge technology and best price filtering for customer order execution.
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 49 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/investors
. 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.