New matching service extends to Europe, offering traders real-time
REDWOOD CITY, Calif. & LONDON--(BUSINESS WIRE)--Jun. 19, 2013--
Inc. (Nasdaq: EQIX), the global interconnection
center company, together with FastMatch,
an Electronic Communication Network (ECN) for foreign exchange trading,
today announced the launch of a new ECN matching engine in Equinix’s
London Slough International Business Exchange™ (IBX®)
data center campus.
FastMatch currently operates its FX Spot and metals ECN matching engine
from the Equinix NY4 data center in New York. The additional matching
engine in London will offer FastMatch clients in the European region
access to real-time transparent quotes and trade information, as well as
complete redundancy to the platform.
Highlights / Key Facts
As trading markets become more interrelated, investors are seeking
local access to a wider range of asset classes and instruments in
order to effectively manage risk in an increasingly complex and
competitive environment. By deploying among the growing financial
ecosystem inside Equinix, FastMatch makes its systems directly
accessible alongside a wide range of other venues, data providers and
financial institutions, allowing investors greater choice and
FastMatch clients can trade across an array of unique liquidity
sub-pools each governed by its own distinct rules of trading.
FastMatch also enables institutional clients to easily transact large
sizes with minimum market impact by using order types like hidden
pegged to midpoint, reserve and minimum quantity.
The FastMatch ECN is based on technology that underpins the world’s
largest equities crossing system, the Credit Suisse Crossfinder
matching engine, which has been re-tooled and tailored to meet the
needs of global foreign exchange markets.
FastMatch launched in the summer of 2012 and is a joint venture of
FXCM, Inc. and Credit Suisse Group AG, later adding Bank of New York
Mellon as a third backer in 2013. The company strives to offer its
customers access to large pools of diversified liquidity at
unparalleled speed with complete transparency in an optimal location.
“London is an FX trading capital of the world, yet traders in Europe
currently have no access to real-time quotations or trades from any
major FX ECN. The prices are either intentionally delayed or coming from
the United States. We are excited to deliver real-time transparency to
this previously underserved region.”
“As the Equinix financial ecosystem continues to globalize, we’re
seeing more trading venues deploy multiple storefronts in various cities
to extend their ability to reach market participants around the world.
With the launch of its matching service in the Slough campus, FastMatch
is certainly on the right track to gain a competitive edge in today’s
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.
Melissa Neumann, +1 650-598-6098
for Equinix, Inc.
Liam Rose, +1 415-318-4380