New Aquis Exchange European Equities Platform to use Equinix’s
London Slough data center campus
REDWOOD CITY, Calif. & LONDON--(BUSINESS WIRE)--Jun. 6, 2013--
Inc. (Nasdaq: EQIX), the global interconnection
center company, today announced that Aquis Exchange Ltd, the
proposed pan European stock exchange*, plans to establish its primary
data center at the Equinix LD4 International Business Exchange™ (IBX®)
data center, inside the Equinix London Slough campus. Aquis Exchange,
which will launch pending approval by the UK Financial Conduct Authority
(FCA), aims to revolutionize the European trading landscape and increase
competition by introducing tiered subscription-based pricing and
innovative order types.
Highlights / Key Facts
The Equinix London Slough campus was selected by Aquis Exchange
because of its unrivalled access to over 30 European markets, 80
exchanges and trading platforms. In addition, Aquis Exchange will have
access to the Equinix
Marketplace, which allows Equinix customers to identify potential
customers and partners from over 4,000 ecosystem participants offering
a range of services inside Equinix data centers.
The Equinix London Slough campus already houses equity platforms, as
well as numerous FX platforms, dark pools, commodities, and new
derivative products. Market participants may directly connect to the
Aquis Exchange platform inside the Equinix London Slough campus via a
local cross connection.
connects go live within 48 hours of ordering, speeding
time-to-market and lowering barriers to entry while providing high
levels of resilience and low latency for the new members of Aquis
Exchange. In addition, Aquis Exchange will be in close proximity to
the trading community housed inside Equinix, which allows Aquis
Exchange and its members to connect directly to other market
participants inside the Equinix financial ecosystem.
Today, 25 per cent of total European equities trade count originates
from the Equinix London Slough campus. Globally, over 60 per cent of
volume-driving market makers are Equinix customers and over 25 per
cent of these are currently based in the Equinix London Slough campus.
Haynes, CEO, Aquis Exchange Ltd.:
“We chose Equinix because we believe LD4 is the best connected
financial hub in the UK. Equinix also has a great reputation for
quality service and offered us a good value proposition. We are
excited to be working with Equinix.”
Knuff, general manager, Equinix Global Financial
“We’re delighted to welcome Aquis Exchange to the London Slough
ecosystem. Equinix is uniquely positioned to support rapid
liquidity growth and maximize opportunities for trading
participants across crowded financial markets. Nimble exchanges,
such as Aquis, are reacting to the demands of the trading
community by driving down access and infrastructure costs when
they deploy inside strategic hubs where a rich community of market
participants already exists.”
About Aquis Exchange
*Aquis Exchange, which has applied for regulatory approval as a
multilateral trading facility from the UK FCA, was established in
October 2012 and has been created to operate a pan-European equities
trading exchange and develop exchange software. Aquis Exchange is set to
revolutionize the European trading landscape by its introduction of
subscription pricing and innovative order types.
Aquis Exchange’s subscription pricing works on a similar model to that
of the telecoms industry and is designed to encourage participation from
all categories of professional trading firm. Users will be charged
according to the message traffic they generate, rather than a percentage
of the value of each stock that they trade. There will be different
pricing bands to accommodate varying degrees of usage. There will be a
very low usage band for small firms, that are traditionally
disadvantaged by the pricing structure of the incumbent exchanges and,
at the other end of the pricing structure, will be the top category
where usage is unlimited (subject to a fair usage policy).
Currently, over 90% of European equity trading in each individual
country takes place on two exchanges. The aim of Aquis Exchange is to
bring fresh competition into the marketplace in order to lower the
trading costs maintained by the existing duopoly. The Company is led by
former Chi-X Europe chief executive Alasdair Haynes.
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies
directly to their customers and partners inside the world’s most
networked data centers. Today, businesses leverage the Equinix
interconnection platform in 31 strategic markets across the Americas,
EMEA and Asia-Pacific. www.equinix.com.
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.
Source: Equinix, Inc.
Equinix Media Contacts
for Equinix, Inc.
Liam Rose, +1 415-318-4380
100 for Equinix (EMEA)
Rowland Harding, +44 (0)20
Belinda Keheyan, +44 (0) 20 3440 7747