November 11, 2008
Dow Jones Algorithmic and Electronic Trading Customers Can Gain Access to the Lowest-Latency, Highest Quality Information at Equinix Chicago Data Center
Chicago, IL - November 11, 2008 - Dow Jones & Company and Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced the availability of Dow Jones's algorithmic and trading products in Equinix's state-of-the-art, low-latency Chicago-1 International Business Exchange™ (IBX®) data center.
Beginning December 1, 2008, Dow Jones Elementized News Feed customers can gain increased speed and a competitive advantage with market-moving news delivered in milliseconds. Operating within Equinix's Chicago financial ecosystem will drastically reduce latency by bringing customers within immediate proximity to the data source.
The Chicago deployment joins other Dow Jones collocation offerings already operational in the New York City area and in Washington, D.C., to provide additional space, greater bandwidth and faster execution. The availability of Dow Jones at the Equinix center, which has become a strategic proximity hub for the financial trading community, will offer other capital market participants operating within the center the opportunity to obtain direct, low-latency access to Dow Jones Elementized News Feed services. It will also provide a scalable, high-performance and low-latency platform for Dow Jones customers and prospects to access the company's services.
“Making our news feed available from Equinix's Chicago center significantly extends the Dow Jones footprint while giving our customers the highest available speed and performance with key exchanges and sources of U.S. and international data,” said Joe Lanza, vice president, managing director for algorithmic and trading solutions at Dow Jones Enterprise Media Group. “The faster our customers can get the information they need and execute trades on it, the more likely they can take advantage of market opportunities. By partnering with Equinix in Chicago, we are giving our customers access to the same world-class, proven data center and information infrastructure that powers the Chicago Mercantile Exchange.”
“Speed is paramount in today's financial markets,” said Steve Smith, president and CEO of Equinix. “By operating at Equinix, Dow Jones can provide its customers with critical news and information services with the lowest possible latency, providing them with a competitive advantage in developing their trading strategies.”
The Dow Jones Elementized News Feed provides a fast and rich news data feed and archives for automated trading and analysis. It delivers global economic indicators, key Treasury and energy data and breaking corporate news in precisely tagged elements in an ultra-low-latency feed, all designed for direct integration into quantitative analysis models and electronic trading programs. It places news items - data, keywords, timestamps, symbols and other crucial metadata - into discretely and precisely tagged fields so they can be easily parsed and directly embedded into trading programs and quantitative models, reducing trading decision latencies to mere milliseconds. With more than 230 global economic indicators already elementized, Dow Jones continues to add content to the feed.
About Dow Jones
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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.