Leading global exchange to open a European electronic trading hub in Equinix’s LD4/LD5 campus
The CME Globex hub is scheduled to open in
Highlights / Key Facts
Approximately 25 percent of CME Group’s electronic trading volume
comes from outside
the United States, primarily from the EMEA region. Locating the CME Globex hub at Equinix’s LD4/LD5 campus gives CME Groupa significant advantage by placing its business within close proximity to Europe’s leading trading platforms and electronic trading customers.
New market regulations across
Europeare driving the movement of derivatives to trade on exchanges resulting in trade processing through central clearing houses and data being reported and housed in trade repositories. Over the past few years, Equinixhas built a cross-asset class business which is well-positioned to meet the demands of the evolving algorithmic trading market and its growth into additional asset classes such as FX and derivatives.
CME Groupexchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. The group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New Yorkand Chicago.
- Customers interested in connecting to the CME Globex hub simply need to either acquire space in Equinix’s LD4/LD5 campus and cross-connect to the platform or lease a line.
William Knottenbelt, managing director EMEA, CME Group:
“We continue to see growing demand from our customers based throughout
Europefor our product offerings, which means that we also need to focus on building our infrastructure and technology capabilities in the region. By opening this new hub with Equinix, we are helping our customers achieve better cost and technology management efficiencies with the added benefit of accelerated access to our markets.”
Stewart Orrell, managing director of Global Financial Services, Equinix:
“In today’s evolving market, exchanges want to reach the largest trading community with the lowest infrastructure costs, using data centers already well-populated with their target customers.
Equinixis the only network-neutral data center provider that’s able to meet these needs globally, and CME Groupwill be a uniquely powerful addition to the thriving financial ecosystem inside Equinix.”
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
International Business Exchange is a trademark of